Charter Communications, Inc. $CHTR Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 22.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,141 shares of the company’s stock after selling 7,114 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Charter Communications were worth $6,641,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its position in Charter Communications by 113.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock valued at $3,283,000 after purchasing an additional 4,273 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Charter Communications by 11.8% during the second quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock valued at $15,552,000 after acquiring an additional 4,000 shares during the period. WBI Investments LLC grew its position in shares of Charter Communications by 74.9% during the second quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after acquiring an additional 1,489 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Charter Communications by 8.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after acquiring an additional 2,560 shares during the period. Finally, Optimize Financial Inc bought a new stake in Charter Communications in the 3rd quarter valued at about $1,557,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $231.54 on Friday. The company has a market capitalization of $29.32 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a fifty day moving average of $210.53 and a 200-day moving average of $233.10. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the firm earned $10.10 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on CHTR shares. Williams Trading set a $437.00 price target on shares of Charter Communications in a research note on Monday, February 2nd. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research report on Wednesday, January 28th. Citigroup reduced their price target on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $335.67.

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.