Mutual of America Capital Management LLC Sells 280 Shares of Charter Communications, Inc. $CHTR

Mutual of America Capital Management LLC decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% in the 2nd quarter, Holdings Channel reports. The firm owned 10,944 shares of the company’s stock after selling 280 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Charter Communications were worth $4,474,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Charter Communications by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 2,328 shares of the company’s stock worth $858,000 after acquiring an additional 351 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock worth $1,435,000 after purchasing an additional 676 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Charter Communications by 5.7% in the first quarter. Oppenheimer & Co. Inc. now owns 2,938 shares of the company’s stock worth $1,083,000 after purchasing an additional 159 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Charter Communications by 4.9% in the first quarter. Asset Management One Co. Ltd. now owns 38,818 shares of the company’s stock worth $14,306,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Legacy Advisors LLC bought a new stake in Charter Communications in the first quarter worth approximately $228,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 3.0%

NASDAQ:CHTR opened at $244.94 on Thursday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50-day moving average of $265.63 and a 200-day moving average of $333.21. The company has a market cap of $33.46 billion, a PE ratio of 6.71, a PEG ratio of 0.58 and a beta of 1.05. Charter Communications, Inc. has a one year low of $244.19 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). The firm had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $8.49 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CHTR shares. Barclays decreased their price target on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a research note on Monday, July 28th. Sanford C. Bernstein decreased their price target on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a research report on Monday, October 6th. Finally, Arete Research raised Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $373.71.

Insider Activity at Charter Communications

In other news, Director Balan Nair acquired 360 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the transaction, the director owned 9,622 shares of the company’s stock, valued at $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at $19,183,363.30. This trade represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

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.