Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 25.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 154 shares of the company’s stock after selling 52 shares during the period. Mather Group LLC.’s holdings in Charter Communications were worth $50,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHTR. Capital International Investors boosted its stake in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Charter Communications by 96.5% during the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after purchasing an additional 1,399,034 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after buying an additional 348,299 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of Charter Communications in the first quarter valued at about $32,074,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after buying an additional 69,959 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHTR. Royal Bank of Canada started coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price objective for the company. Bank of America lifted their price objective on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average price target of $356.41.

Charter Communications Trading Down 0.8 %

Shares of NASDAQ CHTR opened at $326.05 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a market capitalization of $46.96 billion, a PE ratio of 10.54, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The stock has a fifty day simple moving average of $339.63 and a 200-day simple moving average of $305.96.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.05 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 32.42 earnings per share for the current year.

About Charter Communications

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.