Charter Communications, Inc. $CHTR Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 85.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,500 shares of the company’s stock after selling 146,420 shares during the period. Reaves W H & Co. Inc.’s holdings in Charter Communications were worth $5,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHTR. Norges Bank acquired a new position in shares of Charter Communications in the 4th quarter worth $555,383,000. First Eagle Investment Management LLC grew its holdings in shares of Charter Communications by 119.6% in the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after acquiring an additional 1,617,148 shares during the last quarter. State Street Corp grew its holdings in shares of Charter Communications by 22.7% in the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after acquiring an additional 1,475,383 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Charter Communications in the 3rd quarter worth $327,179,000. Finally, Vanguard Group Inc. grew its holdings in shares of Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after acquiring an additional 1,130,648 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock opened at $144.05 on Monday. Charter Communications, Inc. has a 1-year low of $136.63 and a 1-year high of $422.29. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 3.89, a P/E/G ratio of 0.25 and a beta of 0.72. The stock’s fifty day simple moving average is $189.60 and its 200-day simple moving average is $203.86.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the prior year, the firm posted $8.42 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Insider Transactions at Charter Communications

In other news, Director Wade Davis bought 5,728 shares of the stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the purchase, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. This trade represents a 478.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher L. Winfrey bought 3,468 shares of the stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the purchase, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This represents a 4.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 20,125 shares of company stock valued at $3,167,116. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHTR. Royal Bank Of Canada decreased their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Benchmark lowered their price target on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a report on Tuesday, May 26th. The Goldman Sachs Group lowered their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $290.38.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.