Victory Capital Management Inc. Has $25.12 Million Holdings in Charter Communications, Inc. $CHTR

Victory Capital Management Inc. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 29.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,299 shares of the company’s stock after selling 38,623 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Charter Communications worth $25,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHTR. Norges Bank bought a new position in Charter Communications in the second quarter valued at approximately $1,145,387,000. Vanguard Group Inc. lifted its stake in shares of Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after purchasing an additional 1,130,648 shares during the period. Lind Value II ApS acquired a new position in shares of Charter Communications in the 3rd quarter valued at $60,646,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Charter Communications by 15.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock worth $644,210,000 after purchasing an additional 209,869 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after purchasing an additional 198,979 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Sanford C. Bernstein set a $220.00 price objective on Charter Communications in a report on Wednesday, January 28th. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. 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 note on Monday, February 2nd. New Street Research reduced their price objective on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, UBS Group set a $425.00 price objective on shares of Charter Communications in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $335.11.

Charter Communications Stock Down 4.1%

NASDAQ:CHTR opened at $222.81 on Tuesday. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The stock has a 50-day moving average price of $215.84 and a two-hundred day moving average price of $229.78. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.37 and a beta of 1.02. 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 released its quarterly 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). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period in the prior year, the business earned $10.10 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share 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.