Victory Capital Management Inc. Trims Position in Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,880 shares of the company's stock after selling 1,019 shares during the period. Victory Capital Management Inc. owned 0.07% of Charter Communications worth $34,966,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Makaira Partners LLC grew its stake in shares of Charter Communications by 4.0% in the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after buying an additional 14,510 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Charter Communications by 213.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after buying an additional 17,952 shares during the period. Private Trust Co. NA grew its stake in shares of Charter Communications by 69.5% in the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after buying an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Charter Communications by 21.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after buying an additional 676 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of Charter Communications by 25.2% in the 1st quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock valued at $608,000 after buying an additional 332 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Bank of America upped their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. BNP Paribas restated an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Citigroup increased their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Finally, Sanford C. Bernstein lowered shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price on the stock. in a report on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $422.37.

Charter Communications Stock Performance

Charter Communications stock traded up $6.81 during mid-day trading on Monday, reaching $388.89. 1,367,245 shares of the company were exchanged, compared to its average volume of 1,267,416. The firm's 50-day simple moving average is $400.15 and its two-hundred day simple moving average is $372.74. Charter Communications, Inc. has a twelve month low of $304.76 and a twelve month high of $437.06. The firm has a market cap of $54.58 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.42 and a beta of 1.08. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued 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 27.70% and a net margin of 9.42%. The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the firm earned $7.55 earnings per share. The company's revenue was up .4% compared to the same quarter last year. Equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.