Brown Advisory Inc. Decreases Position in Charter Communications Inc (CHTR)

Brown Advisory Inc. trimmed its holdings in Charter Communications Inc (NASDAQ:CHTR) by 26.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,712 shares of the company’s stock after selling 6,008 shares during the quarter. Brown Advisory Inc.’s holdings in Charter Communications were worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CHTR. Capital International Investors increased its stake in shares of Charter Communications by 752.5% in the 3rd quarter. Capital International Investors now owns 3,674,059 shares of the company’s stock worth $1,197,302,000 after acquiring an additional 3,243,090 shares in the last quarter. Longview Partners Guernsey LTD bought a new position in shares of Charter Communications in the 4th quarter worth about $846,691,000. Senator Investment Group LP bought a new position in shares of Charter Communications in the 3rd quarter worth about $236,263,000. Rehmann Capital Advisory Group increased its stake in shares of Charter Communications by 34,636.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 347,713 shares of the company’s stock worth $1,067,000 after acquiring an additional 346,712 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Charter Communications in the 3rd quarter worth about $104,551,000. Institutional investors own 74.67% of the company’s stock.

Shares of NASDAQ CHTR opened at $355.92 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. The stock has a market cap of $80.21 billion, a PE ratio of 68.18, a P/E/G ratio of 1.20 and a beta of 1.40. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $356.90.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. On average, equities research analysts forecast that Charter Communications Inc will post 7.54 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Cowen increased their price objective on shares of Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research report on Friday, December 7th. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “buy” rating and set a $338.00 price objective on the stock in a research report on Tuesday, January 8th. TD Securities increased their price objective on shares of Charter Communications from $385.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, February 1st. Nomura assumed coverage on shares of Charter Communications in a research report on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price objective on the stock. Finally, BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Charter Communications currently has an average rating of “Buy” and a consensus target price of $359.22.

In related news, EVP Richard R. Dykhouse sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $340.72, for a total value of $3,747,920.00. Following the transaction, the executive vice president now owns 16,610 shares of the company’s stock, valued at $5,659,359.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bickham sold 14,017 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total transaction of $4,777,834.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,233 shares of company stock worth $19,544,909. Insiders own 0.83% of the company’s stock.

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Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

Further Reading: How to find the components of the quick ratio

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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