Reaves W H & Co. Inc. Sells 26,101 Shares of Charter Communications, Inc. $CHTR

Reaves W H & Co. Inc. reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,920 shares of the company’s stock after selling 26,101 shares during the quarter. Reaves W H & Co. Inc. owned approximately 0.13% of Charter Communications worth $47,021,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. S&CO Inc. raised its stake in Charter Communications by 2.2% during the 3rd quarter. S&CO Inc. now owns 14,163 shares of the company’s stock valued at $3,896,000 after purchasing an additional 300 shares during the period. Profund Advisors LLC grew its holdings in shares of Charter Communications by 17.8% in the third quarter. Profund Advisors LLC now owns 16,335 shares of the company’s stock valued at $4,494,000 after purchasing an additional 2,470 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Charter Communications by 69.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,839 shares of the company’s stock worth $1,331,000 after buying an additional 1,980 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in Charter Communications by 3.3% during the third quarter. Linden Thomas Advisory Services LLC now owns 10,356 shares of the company’s stock worth $2,849,000 after acquiring an additional 335 shares during the last quarter. Finally, Tempus Wealth Planning LLC bought a new position in shares of Charter Communications during the 3rd quarter valued at approximately $646,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 3.0%

Shares of CHTR opened at $238.12 on Tuesday. The firm has a market capitalization of $30.15 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.36 and a beta of 1.05. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The firm has a 50-day moving average price of $205.02 and a 200 day moving average price of $234.90.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. Charter Communications’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.10 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research note on Tuesday, February 3rd. Wells Fargo & Company raised their price objective on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. The Goldman Sachs Group lowered their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Barclays reduced their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. Finally, Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Reduce” and an average target price of $335.67.

Charter Communications Profile

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.