DAVENPORT & Co LLC Lowers Stock Holdings in Charter Communications, Inc. $CHTR

DAVENPORT & Co LLC cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 93.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,536 shares of the company’s stock after selling 137,229 shares during the quarter. DAVENPORT & Co LLC’s holdings in Charter Communications were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CHTR. Geneos Wealth Management Inc. grew its position in 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 in the last quarter. Webster Bank N. A. acquired a new stake in shares of Charter Communications during the third quarter worth about $28,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Charter Communications during the third quarter worth about $30,000. Rakuten Securities Inc. boosted its stake in shares of Charter Communications by 535.0% in the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after purchasing an additional 107 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Charter Communications in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. New Street Research reduced their price objective on 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, BNP Paribas Exane decreased their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $335.11.

Charter Communications Trading Up 0.3%

Shares of NASDAQ:CHTR opened at $219.14 on Friday. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The company’s 50 day moving average is $219.17 and its two-hundred day moving average is $225.28. 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 company has a market cap of $27.75 billion, a PE ratio of 6.04, a P/E/G ratio of 0.34 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $10.10 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.