Charter Communications, Inc. $CHTR Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 188,632 shares of the company’s stock after selling 25,241 shares during the period. Hsbc Holdings PLC’s holdings in Charter Communications were worth $39,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC raised its position in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Charter Communications by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after purchasing an additional 41 shares in the last quarter. Occudo Quantitative Strategies LP increased its stake in Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price target for the company. Benchmark decreased their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Finally, Freedom Capital raised Charter Communications to a “hold” rating in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $290.38.

Charter Communications Stock Up 4.9%

CHTR stock opened at $131.75 on Wednesday. The company has a fifty day moving average price of $161.11 and a 200 day moving average price of $195.92. Charter Communications, Inc. has a 12 month low of $124.05 and a 12 month high of $422.29. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 3.56, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the prior year, the company earned $8.42 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Sell-side analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director Balan Nair purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the transaction, the director directly owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Rutledge sold 18,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00. Following the sale, the director directly owned 3,968 shares of the company’s stock, valued at approximately $583,057.92. This represents a 82.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 20,125 shares of company stock valued at $3,167,116. Corporate insiders own 1.10% of the company’s stock.

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.