VIRGINIA RETIREMENT SYSTEMS ET Al Sells 83,600 Shares of Charter Communications, Inc. $CHTR

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 86.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,500 shares of the company’s stock after selling 83,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Charter Communications were worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. Atlantic Union Bankshares Corp bought a new stake in Charter Communications in the second quarter valued at $25,000. Salem Investment Counselors Inc. boosted its stake in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Charter Communications in the 2nd quarter worth about $28,000. Heritage Wealth Advisors acquired a new stake in shares of Charter Communications during the 2nd quarter worth about $29,000. Finally, Family CFO Inc bought a new position in Charter Communications during the 2nd quarter valued at about $33,000. Institutional investors own 81.76% of the company’s stock.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

Charter Communications Stock Performance

CHTR stock opened at $208.75 on Friday. The company has a 50 day moving average price of $210.77 and a 200 day moving average price of $273.07. Charter Communications, Inc. has a fifty-two week low of $193.00 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $27.01 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The firm had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.82 earnings per share. Analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research analyst reports. Benchmark decreased their price objective on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Oppenheimer downgraded Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Royal Bank Of Canada decreased their price target on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday. Finally, The Goldman Sachs Group reduced their price objective on Charter Communications from $215.00 to $210.00 and set a “sell” rating on the stock in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $321.13.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.