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

Mn Services Vermogensbeheer B.V. cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

A number of other institutional investors and hedge funds have also modified their holdings of CHTR. 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 valued at $36,000 after acquiring an additional 29 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after buying an additional 30 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Charter Communications by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock valued at $254,000 after acquiring an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after acquiring an additional 34 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in Charter Communications by 2.6% during the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company's stock valued at $477,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CHTR. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. BNP Paribas reissued an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and raised their price objective for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Citigroup upped their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, Royal Bank of Canada increased their price target 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. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average target price of $409.42.

Charter Communications Stock Down 3.5%

CHTR traded down $13.49 during trading on Monday, reaching $375.23. The company had a trading volume of 1,469,987 shares, compared to its average volume of 1,283,895. The company has a market cap of $52.67 billion, a P/E ratio of 10.73, a PEG ratio of 0.44 and a beta of 1.07. Charter Communications, Inc. has a 12 month low of $273.59 and a 12 month high of $437.06. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business's fifty day moving average price is $382.40 and its 200 day moving average price is $368.10.

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 firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted $7.55 EPS. Equities analysts anticipate 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.