Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,854 shares of the company’s stock after selling 161 shares during the quarter. Baxter Bros Inc.’s holdings in Charter Communications were worth $1,109,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parnassus Investments LLC acquired a new position in shares of Charter Communications during the third quarter valued at about $508,684,000. Pzena Investment Management LLC increased its stake in Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock valued at $641,762,000 after purchasing an additional 253,324 shares in the last quarter. Allen Investment Management LLC lifted its stake in shares of Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after buying an additional 177,224 shares during the period. Morgan Stanley grew its holdings in shares of Charter Communications by 15.8% during the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after buying an additional 161,830 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of Charter Communications by 671.5% in the 3rd quarter. Quadrature Capital Ltd now owns 140,296 shares of the company’s stock valued at $61,755,000 after acquiring an additional 122,110 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. Citigroup cut their price objective on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Loop Capital reduced their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Barclays dropped their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Finally, Pivotal Research reduced their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $356.47.

Charter Communications Price Performance

NASDAQ CHTR traded up $3.93 during trading hours on Friday, reaching $265.93. The company’s stock had a trading volume of 865,841 shares, compared to its average volume of 1,308,826. The firm has a market capitalization of $38.62 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.07 and a beta of 0.97. The company’s 50-day moving average is $277.79 and its two-hundred day moving average is $341.59. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $6.65 earnings per share. On average, equities analysts predict that Charter Communications, Inc. will post 32.02 EPS for the current year.

About Charter Communications

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.