Strs Ohio Sells 4,312 Shares of Charter Communications, Inc. $CHTR

Strs Ohio lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,110 shares of the company’s stock after selling 4,312 shares during the period. Strs Ohio’s holdings in Charter Communications were worth $14,336,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Charter Communications in the 2nd quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new stake in Charter Communications during the second quarter worth $28,000. Heritage Wealth Advisors acquired a new stake in Charter Communications in the second quarter valued at $29,000. Family CFO Inc bought a new position in shares of Charter Communications in the 2nd quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the subject of several recent analyst reports. Benchmark cut their target price on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Barclays cut their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, November 3rd. Citigroup decreased their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company restated an “underweight” rating and issued a $180.00 price target (down previously from $240.00) on shares of Charter Communications in a research note on Tuesday, January 13th. Finally, Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $314.87.

Insiders Place Their Bets

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.83% of the stock is owned by company insiders.

Charter Communications Stock Performance

CHTR opened at $191.69 on Monday. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The business has a fifty day simple moving average of $202.81 and a 200 day simple moving average of $248.88. Charter Communications, Inc. has a 1 year low of $183.75 and a 1 year high of $437.06. The company has a market capitalization of $24.81 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $8.82 EPS. Research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.