King Luther Capital Management Corp Sells 49 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

King Luther Capital Management Corp lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 4.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,099 shares of the company’s stock after selling 49 shares during the period. King Luther Capital Management Corp’s holdings in Charter Communications were worth $356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter valued at about $28,000. CVA Family Office LLC grew its holdings in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications in the first quarter valued at approximately $34,000. Finally, Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Morgan Stanley raised their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada upped their price target on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Barclays raised their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, Rosenblatt Securities upped their target price on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Price Performance

CHTR stock opened at $388.27 on Friday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company’s 50-day moving average is $348.11 and its 200-day moving average is $325.46. The stock has a market capitalization of $55.21 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.25 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 32.87 EPS 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.