Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 10.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,449 shares of the company's stock after selling 24,618 shares during the quarter. Charter Communications makes up 1.1% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 27th largest position. Douglas Lane & Associates LLC owned approximately 0.14% of Charter Communications worth $75,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHTR. Caprock Group LLC boosted its stake in shares of Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares during the last quarter. Makaira Partners LLC boosted its stake in shares of Charter Communications by 4.0% during the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after purchasing an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Charter Communications by 213.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after buying an additional 17,952 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Charter Communications by 3.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock valued at $1,696,000 after buying an additional 161 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Charter Communications during the fourth quarter valued at approximately $33,485,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of CHTR traded up $2.85 during mid-day trading on Thursday, hitting $391.62. The stock had a trading volume of 445,946 shares, compared to its average volume of 1,274,300. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $54.97 billion, a PE ratio of 11.20, a PEG ratio of 0.44 and a beta of 1.11. The company's fifty day simple moving average is $376.51 and its two-hundred day simple moving average is $367.92.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly 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). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the previous year, the business posted $7.55 earnings per share. The company's quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target 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 shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective for the company in a research note on Friday, May 16th. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and increased their target price for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Finally, Morgan Stanley increased their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $409.42.

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.