Assenagon Asset Management S.A. Sells 213,349 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Assenagon Asset Management S.A. reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 84.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,177 shares of the company's stock after selling 213,349 shares during the period. Assenagon Asset Management S.A.'s holdings in Charter Communications were worth $14,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ST Germain D J Co. Inc. grew its position in shares of Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. Sierra Ocean LLC bought a new position in Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications during the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Charter Communications in the first quarter valued at approximately $47,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Sanford C. Bernstein cut shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a research note on Monday, June 2nd. Royal Bank of Canada increased their target price on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Raymond James upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Citigroup upped their price target on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Morgan Stanley lifted their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $409.42.

Charter Communications Trading Down 2.4%

CHTR traded down $9.30 during mid-day trading on Monday, reaching $379.42. The stock had a trading volume of 598,421 shares, compared to its average volume of 1,303,255. The firm's fifty day simple moving average is $382.40 and its two-hundred day simple moving average is $368.10. The stock has a market capitalization of $53.26 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.44 and a beta of 1.07. Charter Communications, Inc. has a 52 week low of $273.58 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.55 earnings per share. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current 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.