WINTON GROUP Ltd Has $724,000 Stake in Charter Communications, Inc. $CHTR

WINTON GROUP Ltd reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 67.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,088 shares of the company’s stock after selling 10,635 shares during the quarter. WINTON GROUP Ltd’s holdings in Charter Communications were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Engineers Gate Manager LP raised its position in shares of Charter Communications by 569.0% in the 2nd quarter. Engineers Gate Manager LP now owns 13,407 shares of the company’s stock valued at $1,907,000 after acquiring an additional 11,403 shares during the period. Cidel Asset Management Inc. grew its holdings in Charter Communications by 36.3% during the second quarter. Cidel Asset Management Inc. now owns 5,076 shares of the company’s stock valued at $722,000 after purchasing an additional 1,351 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Charter Communications in the second quarter valued at approximately $239,000. Integrated Wealth Concepts LLC increased its stake in Charter Communications by 1,179.2% in the second quarter. Integrated Wealth Concepts LLC now owns 27,029 shares of the company’s stock valued at $3,844,000 after purchasing an additional 24,916 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Charter Communications by 211.9% in the second quarter. NewEdge Advisors LLC now owns 5,496 shares of the company’s stock worth $782,000 after purchasing an additional 3,734 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Down 1.7%

CHTR stock opened at $143.35 on Tuesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $17.10 billion, a P/E ratio of 3.72, a P/E/G ratio of 0.31 and a beta of 0.69. The business has a 50-day moving average of $143.81 and a 200-day moving average of $167.52. Charter Communications, Inc. has a fifty-two week low of $111.55 and a fifty-two week high of $285.82.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $9.18 EPS. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wolfe Research reissued an “underperform” rating and issued a $118.00 price target on shares of Charter Communications in a report on Monday. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Barclays dropped their price target on Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Finally, Wells Fargo & Company dropped their target price on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $216.56.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.