Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 51.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,028 shares of the company’s stock after selling 15,124 shares during the period. Empowered Funds LLC’s holdings in Charter Communications were worth $4,546,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Empirical Finance LLC raised its position in Charter Communications by 1.6% during the 3rd quarter. Empirical Finance LLC now owns 3,700 shares of the company’s stock worth $1,199,000 after buying an additional 60 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Charter Communications by 4.5% in the third quarter. CIBC Asset Management Inc now owns 39,025 shares of the company’s stock worth $12,647,000 after acquiring an additional 1,693 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Charter Communications by 9.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,632 shares of the company’s stock worth $853,000 after purchasing an additional 229 shares during the last quarter. Metis Global Partners LLC lifted its position in Charter Communications by 4.2% during the third quarter. Metis Global Partners LLC now owns 4,317 shares of the company’s stock valued at $1,399,000 after purchasing an additional 175 shares during the period. Finally, KBC Group NV boosted its holdings in Charter Communications by 1.4% in the third quarter. KBC Group NV now owns 12,803 shares of the company’s stock valued at $4,149,000 after purchasing an additional 178 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

CHTR opened at $389.57 on Monday. The firm has a market capitalization of $55.40 billion, a PE ratio of 12.20, a PEG ratio of 0.62 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $421.16. The firm’s 50-day moving average price is $342.59 and its 200 day moving average price is $321.67.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period last year, the company earned $8.25 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHTR shares. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Barclays upped their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Finally, Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications Company Profile

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.