Russell Investments Group Ltd. Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Russell Investments Group Ltd. lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,689 shares of the company's stock after selling 3,312 shares during the quarter. Russell Investments Group Ltd.'s holdings in Charter Communications were worth $28,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new position in Charter Communications in the 4th quarter valued at $25,000. Catalyst Capital Advisors LLC grew its stake in shares of Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock worth $49,000 after acquiring an additional 27 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Charter Communications during the 4th quarter worth $44,000. NBC Securities Inc. bought a new position in shares of Charter Communications during the 3rd quarter worth $56,000. Finally, Bourgeon Capital Management LLC grew its stake in shares of Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company's stock worth $51,000 after acquiring an additional 90 shares during the period. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $2.30 on Thursday, hitting $262.00. The company's stock had a trading volume of 770,852 shares, compared to its average volume of 1,580,020. The company has a 50-day simple moving average of $278.46 and a 200 day simple moving average of $342.90. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a market capitalization of $38.05 billion, a PE ratio of 8.47, a PEG ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion during the quarter, compared to analysts' expectations of $13.75 billion. During the same period in the previous year, the business earned $6.65 EPS. The business's revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Charter Communications, Inc. will post 31.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $375.00 to $320.00 and set a "hold" rating for the company in a research note on Tuesday, April 16th. Benchmark cut their price target on Charter Communications from $490.00 to $440.00 and set a "buy" rating for the company in a research note on Monday, February 5th. Barclays cut their price target on Charter Communications from $280.00 to $250.00 and set an "underweight" rating for the company in a research note on Tuesday, April 2nd. Pivotal Research cut their price target on Charter Communications from $450.00 to $400.00 and set a "buy" rating for the company in a research note on Monday. Finally, Rosenblatt Securities dropped their price objective on Charter Communications from $297.00 to $292.00 and set a "neutral" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average price target of $356.47.

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.