SG Americas Securities LLC Sells 11,324 Shares of Charter Communications, Inc. $CHTR

SG Americas Securities LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,728 shares of the company’s stock after selling 11,324 shares during the period. SG Americas Securities LLC’s holdings in Charter Communications were worth $12,468,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CHTR. Norges Bank acquired a new stake in Charter Communications in the second quarter valued at approximately $1,145,387,000. State Street Corp increased its position in shares of Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after purchasing an additional 1,475,383 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Charter Communications during the 3rd quarter valued at $327,179,000. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after purchasing an additional 1,130,648 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Charter Communications by 826.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,244,034 shares of the company’s stock worth $342,240,000 after purchasing an additional 1,109,703 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 0.3%

Charter Communications stock opened at $219.14 on Friday. The business’s 50-day simple moving average is $219.17 and its two-hundred day simple moving average is $225.28. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $27.75 billion, a PE ratio of 6.04, a PEG ratio of 0.34 and a beta of 1.02. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CHTR shares. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. UBS Group set a $425.00 price target on Charter Communications in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. Benchmark upped their price objective on shares of Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $335.11.

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.