Mn Services Vermogensbeheer B.V. Sells 900 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mn Services Vermogensbeheer B.V. reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,900 shares of the company’s stock after selling 900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Charter Communications were worth $11,959,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CHTR. Asset Management One Co. Ltd. boosted its position in shares of Charter Communications by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 35,175 shares of the company’s stock valued at $11,400,000 after buying an additional 155 shares during the last quarter. National Pension Service boosted its position in shares of Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after buying an additional 12,915 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Charter Communications by 6.0% during the third quarter. Van ECK Associates Corp now owns 931 shares of the company’s stock valued at $309,000 after buying an additional 53 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Charter Communications by 77.9% during the third quarter. Farther Finance Advisors LLC now owns 370 shares of the company’s stock valued at $120,000 after buying an additional 162 shares during the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Charter Communications during the third quarter valued at $204,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on CHTR shares. Barclays raised their target price on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank of Canada raised their target price on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Rosenblatt Securities raised their target price on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $379.06.

Charter Communications Stock Up 1.7 %

Shares of CHTR opened at $382.38 on Wednesday. The business’s 50 day moving average is $333.90 and its 200 day moving average is $314.01. The company has a market capitalization of $54.58 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $422.92. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24.

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, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $8.25 EPS. Research analysts expect that Charter Communications, Inc. will post 32.51 earnings per share for the current fiscal year.

Charter Communications 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.