Charter Communications, Inc. $CHTR Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 93.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,536 shares of the company’s stock after selling 137,229 shares during the quarter. DAVENPORT & Co LLC’s holdings in Charter Communications were worth $1,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Webster Bank N. A. acquired a new stake in Charter Communications during the third quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications during the 3rd quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Charter Communications in the 3rd quarter valued at $38,000. Finally, Root Financial Partners LLC purchased a new position in shares of Charter Communications in the 3rd quarter valued at $38,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 0.3%

Shares of NASDAQ:CHTR opened at $219.14 on Friday. Charter Communications, Inc. has a 1-year low of $180.38 and a 1-year high of $437.06. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $27.75 billion, a P/E ratio of 6.04, a P/E/G ratio of 0.34 and a beta of 1.02. The firm has a fifty day moving average price of $219.17 and a 200 day moving average price of $225.28.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the prior year, the firm posted $10.10 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CHTR shares. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. UBS Group set a $425.00 price objective on Charter Communications in a report on Thursday, January 29th. BNP Paribas Exane cut their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. New Street Research decreased their target price on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada dropped their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $335.11.

Charter Communications Company Profile

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.