Venator Management LLC Sells 650 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Venator Management LLC lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 39.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the company’s stock after selling 650 shares during the period. Charter Communications accounts for about 0.1% of Venator Management LLC’s portfolio, making the stock its 23rd biggest position. Venator Management LLC’s holdings in Charter Communications were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Avior Wealth Management LLC grew its holdings in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications during the fourth quarter worth about $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the fourth quarter worth about $36,000. Brown Brothers Harriman & Co. increased its holdings in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. StockNews.com lowered Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, Royal Bank of Canada increased their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus price target of $393.18.

Charter Communications Trading Down 3.4 %

CHTR opened at $369.02 on Monday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a fifty day moving average of $359.70 and a 200-day moving average of $356.88. The stock has a market cap of $52.47 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the firm posted $7.07 earnings per share. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current 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.