GHP Investment Advisors Inc. Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

GHP Investment Advisors Inc. cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 12.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 248 shares of the company’s stock after selling 34 shares during the period. GHP Investment Advisors Inc.’s holdings in Charter Communications were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at approximately $1,032,236,000. Geode Capital Management LLC grew its position in shares of Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after purchasing an additional 609,554 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Charter Communications by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company’s stock valued at $343,135,000 after purchasing an additional 142,883 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHTR. Wolfe Research upgraded Charter Communications from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 20th. Raymond James Financial upgraded Charter Communications from an “underperform” rating to a “market perform” rating in a research report on Monday, May 19th. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and increased their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Royal Bank Of Canada increased their price objective on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday, April 28th. Finally, Citigroup increased their price objective on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $410.20.

Charter Communications Stock Down 1.2%

NASDAQ:CHTR opened at $398.85 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The stock’s fifty day moving average is $390.07 and its two-hundred day moving average is $367.76. Charter Communications, Inc. has a 52 week low of $286.66 and a 52 week high of $437.06. The stock has a market capitalization of $55.98 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The company had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.55 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Profile

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.