Versor Investments LP Sells 610 Shares of Charter Communications, Inc. $CHTR

Versor Investments LP cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,789 shares of the company’s stock after selling 610 shares during the period. Versor Investments LP’s holdings in Charter Communications were worth $1,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp purchased a new stake in Charter Communications in the first quarter worth about $25,000. Salem Investment Counselors Inc. lifted its holdings in Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after buying an additional 61 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Charter Communications in the second quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after buying an additional 41 shares during the period. Finally, Strengthening Families & Communities LLC purchased a new stake in Charter Communications in the first quarter worth about $33,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CHTR. Wells Fargo & Company began coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Charter Communications in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday, October 6th. KeyCorp lowered their target price on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Finally, Barclays lowered their target price on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a report on Monday, July 28th. Eight investment 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. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $373.71.

Charter Communications Price Performance

Shares of CHTR opened at $233.84 on Monday. The company has a market capitalization of $31.94 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm has a 50 day moving average of $261.86 and a 200 day moving average of $328.50. Charter Communications, Inc. has a twelve month low of $215.93 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. Charter Communications’s revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $8.82 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.