Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by III Capital Management

III Capital Management reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 36.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the company’s stock after selling 1,166 shares during the period. III Capital Management’s holdings in Charter Communications were worth $648,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Capital Inc. raised its holdings in shares of Charter Communications by 40.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after buying an additional 10,950 shares during the period. National Pension Service raised its stake in shares of Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after purchasing an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Charter Communications during the third quarter worth $17,788,000. AustralianSuper Pty Ltd purchased a new position in shares of Charter Communications in the second quarter valued at $7,171,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after purchasing an additional 7,008 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded up $2.99 during trading on Tuesday, hitting $397.42. 166,400 shares of the company traded hands, compared to its average volume of 1,369,596. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The business’s fifty day moving average is $353.45 and its 200-day moving average is $329.97. The stock has a market capitalization of $56.51 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.63 and a beta of 1.08. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $8.25 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHTR. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research note on Monday, September 30th. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada raised their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $378.00.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.