Charter Communications, Inc. $CHTR Holdings Lowered by Harbor Advisors LLC

Harbor Advisors LLC trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 45.2% during the first quarter, Holdings Channel reports. The institutional investor owned 8,744 shares of the company’s stock after selling 7,198 shares during the period. Harbor Advisors LLC’s holdings in Charter Communications were worth $1,888,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after purchasing an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after buying an additional 128 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after buying an additional 435 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Charter Communications by 451.1% in the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after buying an additional 600 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHTR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Bank of America decreased their price target on shares of Charter Communications from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Wednesday, June 24th. JPMorgan Chase & Co. initiated coverage on Charter Communications in a research report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on Charter Communications from $170.00 to $160.00 and set an “underweight” rating for the company in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Charter Communications has a consensus rating of “Reduce” and an average price target of $253.81.

Charter Communications Price Performance

CHTR stock opened at $131.37 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a one year low of $124.05 and a one year high of $402.15. The firm has a market capitalization of $16.16 billion, a PE ratio of 3.55, a P/E/G ratio of 0.24 and a beta of 0.71. The firm has a 50-day moving average of $137.85 and a two-hundred day moving average of $186.71.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.42 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 41.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Christopher L. Winfrey acquired 3,468 shares of the stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $172.23 per share, for a total transaction of $597,293.64. Following the transaction, the chief executive officer owned 74,409 shares in the company, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mauricio Ramos bought 9,929 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the purchase, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 20,125 shares of company stock worth $3,167,116 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Charter Communications Company Profile

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.