Ingalls & Snyder LLC Trims Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Ingalls & Snyder LLC reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 861 shares of the company’s stock after selling 62 shares during the quarter. Ingalls & Snyder LLC’s holdings in Charter Communications were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CHTR. CWM LLC increased its position in Charter Communications by 8.8% during the 3rd quarter. CWM LLC now owns 1,751 shares of the company’s stock valued at $567,000 after purchasing an additional 141 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Charter Communications in the 3rd quarter worth about $577,000. Creative Planning grew its position in shares of Charter Communications by 1.5% in the 3rd quarter. Creative Planning now owns 10,981 shares of the company’s stock worth $3,559,000 after buying an additional 161 shares during the period. Swedbank AB grew its position in shares of Charter Communications by 8.7% in the 3rd quarter. Swedbank AB now owns 41,367 shares of the company’s stock worth $13,406,000 after buying an additional 3,298 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of Charter Communications by 16.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,966 shares of the company’s stock worth $1,609,000 after buying an additional 690 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $360.27 on Friday. The firm’s 50-day moving average price is $355.05 and its 200-day moving average price is $354.24. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $51.23 billion, a PE ratio of 10.31, a PEG ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the business earned $7.07 EPS. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHTR. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $384.42.

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.