Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Longview Partners Guernsey LTD

Longview Partners Guernsey LTD cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,280,253 shares of the company’s stock after selling 74,736 shares during the quarter. Charter Communications makes up about 5.1% of Longview Partners Guernsey LTD’s holdings, making the stock its 7th biggest holding. Longview Partners Guernsey LTD’s holdings in Charter Communications were worth $923,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amica Mutual Insurance Co. raised its holdings in shares of Charter Communications by 80.8% in the 2nd quarter. Amica Mutual Insurance Co. now owns 15,815 shares of the company’s stock worth $11,410,000 after buying an additional 7,066 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Charter Communications by 1.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 82,969 shares of the company’s stock worth $59,858,000 after buying an additional 1,490 shares in the last quarter. Findlay Park Partners LLP raised its holdings in shares of Charter Communications by 14.2% in the 2nd quarter. Findlay Park Partners LLP now owns 412,005 shares of the company’s stock worth $297,241,000 after buying an additional 51,164 shares in the last quarter. ARS Investment Partners LLC increased its holdings in Charter Communications by 15.5% during the 1st quarter. ARS Investment Partners LLC now owns 32,749 shares of the company’s stock valued at $20,207,000 after purchasing an additional 4,403 shares in the last quarter. Finally, GQG Partners LLC increased its holdings in Charter Communications by 222.4% during the 2nd quarter. GQG Partners LLC now owns 1,437,671 shares of the company’s stock valued at $1,036,866,000 after purchasing an additional 991,782 shares in the last quarter. 69.96% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CHTR traded up $9.37 during midday trading on Thursday, hitting $705.60. The company had a trading volume of 14,842 shares, compared to its average volume of 975,053. Charter Communications, Inc. has a 12 month low of $572.46 and a 12 month high of $825.62. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.61. The stock has a market cap of $129.70 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 1.03 and a beta of 1.01. The firm has a fifty day simple moving average of $767.94 and a 200 day simple moving average of $714.74.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 29th. The company reported $5.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.81 by $0.48. Charter Communications had a return on equity of 13.08% and a net margin of 7.78%. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the company earned $3.63 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. Equities analysts forecast that Charter Communications, Inc. will post 21.12 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. BNP Paribas assumed coverage on Charter Communications in a report on Monday, September 27th. They set an “outperform” rating and a $956.00 price target for the company. Royal Bank of Canada raised their price target on Charter Communications from $660.00 to $770.00 and gave the company a “sector perform” rating in a report on Monday, August 2nd. Morgan Stanley raised their price target on Charter Communications from $800.00 to $825.00 and gave the company an “overweight” rating in a report on Tuesday, August 3rd. Barclays raised their price target on Charter Communications from $575.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, July 8th. Finally, Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating and set a $787.00 price objective on the stock. in a research report on Tuesday, August 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $818.92.

In other Charter Communications news, CMO Jonathan Hargis sold 7,254 shares of Charter Communications stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $764.94, for a total transaction of $5,548,874.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Charter Communications Profile

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

Recommended Story: Basic Economics creates winners and losers

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR).

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

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.