Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,999 shares of the company's stock after selling 1,637 shares during the period. SG Americas Securities LLC's holdings in Charter Communications were worth $7,370,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CHTR. 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 worth $31,000 after purchasing an additional 77 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. boosted its stake in Charter Communications by 37.7% in 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 in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Charter Communications in the 1st quarter worth approximately $47,000. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHTR. Citigroup lifted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Royal Bank of Canada lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Finally, BNP Paribas restated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $409.42.

Charter Communications Price Performance

NASDAQ CHTR traded down $8.18 on Friday, hitting $388.72. The company had a trading volume of 1,311,141 shares, compared to its average volume of 1,283,150. Charter Communications, Inc. has a 12-month low of $273.59 and a 12-month high of $437.06. The company has a market capitalization of $54.56 billion, a PE ratio of 11.12, a PEG ratio of 0.44 and a beta of 1.07. The company's fifty day moving average price is $382.40 and its 200-day moving average price is $368.25. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick 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). 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 for the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the previous year, the company earned $7.55 EPS. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.