Verdence Capital Advisors LLC Lowers Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Verdence Capital Advisors LLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 41.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 996 shares of the company’s stock after selling 718 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Charter Communications were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in shares of Charter Communications by 9.7% during the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after buying an additional 1,311 shares during the last quarter. River Road Asset Management LLC acquired a new position in shares of Charter Communications during the third quarter worth $29,948,000. Graham Capital Management L.P. grew its stake in Charter Communications by 354.7% during the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after buying an additional 11,805 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in Charter Communications in the 3rd quarter worth approximately $16,411,000. Finally, Kinetic Partners Management LP raised its holdings in shares of Charter Communications by 51.3% in the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after buying an additional 60,300 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.0 %

Shares of CHTR stock opened at $265.08 on Tuesday. The stock’s fifty day moving average is $283.60 and its two-hundred day moving average is $351.83. The firm has a market capitalization of $38.50 billion, a P/E ratio of 8.83, a PEG ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $254.31 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same period last year, the business earned $7.69 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts expect that Charter Communications, Inc. will post 32.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Benchmark decreased their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. Wells Fargo & Company decreased their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Finally, Barclays dropped their target price on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $380.80.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.