IFP Advisors Inc cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 63.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,260 shares of the company’s stock after selling 2,143 shares during the period. IFP Advisors Inc’s holdings in Charter Communications were worth $423,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank bought a new position in Charter Communications in the 3rd quarter worth $128,000. CLS Investments LLC lifted its position in shares of Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Charter Communications during the third quarter worth approximately $180,000. Quadrant Capital Group LLC lifted its position in shares of Charter Communications by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock worth $194,000 after purchasing an additional 38 shares in the last quarter. Finally, WoodTrust Financial Corp acquired a new position in Charter Communications in the fourth quarter valued at approximately $202,000. 72.05% of the stock is owned by institutional investors.
Several equities research analysts have commented on CHTR shares. Citigroup reissued a “buy” rating and set a $436.00 price objective (down previously from $453.00) on shares of Charter Communications in a research report on Wednesday. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Royal Bank of Canada restated a “buy” rating and set a $400.00 target price on shares of Charter Communications in a research note on Thursday, November 2nd. Buckingham Research began coverage on shares of Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 target price for the company. Finally, Pivotal Research restated a “buy” rating and set a $500.00 target price (up previously from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $396.11.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. equities research analysts forecast that Charter Communications, Inc. will post 4.55 EPS for the current fiscal year.
In other news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the sale, the executive vice president now owns 34,931 shares in the company, valued at approximately $12,741,431.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.
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Charter Communications Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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