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

Choreo LLC cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 26.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,903 shares of the company's stock after selling 1,798 shares during the quarter. Choreo LLC's holdings in Charter Communications were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. boosted its stake in 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 acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after acquiring an additional 41 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. Larson Financial Group LLC increased its stake in Charter Communications by 70.2% in the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after purchasing an additional 40 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Charter Communications during the first quarter worth about $47,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CHTR. Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada lifted their price objective on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a report on Monday, April 28th. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a report on Friday, May 16th. BNP Paribas restated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Finally, Morgan Stanley raised their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $422.37.

Charter Communications Trading Down 18.5%

Shares of NASDAQ CHTR traded down $70.25 during trading on Friday, hitting $309.75. 9,630,882 shares of the company traded hands, compared to its average volume of 1,249,144. Charter Communications, Inc. has a 1 year low of $307.34 and a 1 year high of $437.06. The firm has a market capitalization of $43.48 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The company has a 50-day moving average price of $396.12 and a 200-day moving average price of $373.23.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the company posted $8.49 EPS. The firm's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.