Sapient Capital LLC Sells 77 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sapient Capital LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 901 shares of the company’s stock after selling 77 shares during the quarter. Sapient Capital LLC’s holdings in Charter Communications were worth $292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after purchasing an additional 3,080 shares during the period. AustralianSuper Pty Ltd bought a new position in shares of Charter Communications in the second quarter valued at approximately $7,171,000. FORA Capital LLC raised its position in shares of Charter Communications by 45.8% in the first quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock valued at $6,029,000 after purchasing an additional 6,519 shares during the period. Norden Group LLC bought a new position in shares of Charter Communications in the first quarter valued at approximately $828,000. Finally, Cetera Investment Advisers raised its position in shares of Charter Communications by 432.3% in the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after purchasing an additional 6,009 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.8 %

NASDAQ:CHTR opened at $331.80 on Tuesday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The company has a market cap of $47.79 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The business has a 50 day moving average price of $339.00 and a two-hundred day moving average price of $306.25.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research note on Monday, September 30th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Pivotal Research raised their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $356.41.

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.