Candriam S.C.A. Lowers Stake in Charter Communications, Inc. $CHTR

Candriam S.C.A. trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 40.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,512 shares of the company’s stock after selling 2,380 shares during the period. Candriam S.C.A.’s holdings in Charter Communications were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisory Services Network LLC raised its stake in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after acquiring an additional 38 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Charter Communications by 20.7% during the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock worth $93,000 after purchasing an additional 39 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the period. Occudo Quantitative Strategies LP grew its position in Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after buying an additional 41 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in Charter Communications by 15.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 318 shares of the company’s stock valued at $130,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Williams Trading set a $437.00 target price on Charter Communications in a report on Monday, February 2nd. BNP Paribas Exane set a $160.00 price target on shares of Charter Communications in a research note on Tuesday, January 27th. Finally, TD Cowen raised their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $335.67.

Charter Communications Price Performance

NASDAQ:CHTR opened at $238.08 on Friday. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The company’s 50-day moving average is $207.62 and its two-hundred day moving average is $234.54. The firm has a market cap of $30.15 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $10.10 earnings per share. 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.