Mn Services Vermogensbeheer B.V. Sells 2,700 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mn Services Vermogensbeheer B.V. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,800 shares of the company's stock after selling 2,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Charter Communications were worth $12,825,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. boosted its stake in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after buying an additional 77 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the 4th quarter worth about $32,000. Generali Asset Management SPA SGR acquired a new position in Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. grew its stake in 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 position in shares of Charter Communications in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHTR. Morgan Stanley upped their target price 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. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a research report on Friday, May 16th. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Sanford C. Bernstein cut Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research note on Monday, June 2nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $410.20.

Charter Communications Stock Up 1.0%

Shares of Charter Communications stock traded up $3.81 during trading hours on Thursday, reaching $377.43. 907,769 shares of the company's stock were exchanged, compared to its average volume of 1,283,133. The stock has a market cap of $52.98 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.41 and a beta of 1.07. The company has a 50 day moving average of $384.62 and a two-hundred day moving average of $368.05. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications, Inc. has a fifty-two week low of $277.10 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company posted $7.55 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS 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.