SG Americas Securities LLC Has $19.55 Million Holdings in Charter Communications, Inc. $CHTR

SG Americas Securities LLC lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,052 shares of the company’s stock after selling 15,467 shares during the quarter. SG Americas Securities LLC’s holdings in Charter Communications were worth $19,547,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications in the second quarter worth $25,000. Salem Investment Counselors Inc. boosted its position in Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Charter Communications in the 2nd quarter valued at about $28,000. Heritage Wealth Advisors acquired a new position in shares of Charter Communications in the second quarter valued at $29,000. Finally, Family CFO Inc acquired a new stake in Charter Communications during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR opened at $209.71 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89. The firm’s fifty day simple moving average is $207.47 and its two-hundred day simple moving average is $267.21. Charter Communications, Inc. has a 12 month low of $193.00 and a 12 month high of $437.06. The stock has a market capitalization of $27.14 billion, a P/E ratio of 5.82, a price-to-earnings-growth ratio of 0.56 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $8.82 EPS. As a group, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Bank of America lowered their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Finally, Wells Fargo & Company lowered their target price on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $321.13.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the transaction, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% 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.