King Luther Capital Management Corp Sells 157 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

King Luther Capital Management Corp trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,148 shares of the company’s stock after selling 157 shares during the period. King Luther Capital Management Corp’s holdings in Charter Communications were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Banyan Capital Management Inc. grew its stake in shares of Charter Communications by 16.4% during the 2nd quarter. Banyan Capital Management Inc. now owns 31,943 shares of the company’s stock worth $9,550,000 after acquiring an additional 4,500 shares during the period. Intech Investment Management LLC boosted its position in Charter Communications by 150.8% during the second quarter. Intech Investment Management LLC now owns 1,936 shares of the company’s stock worth $579,000 after purchasing an additional 1,164 shares during the period. XTX Topco Ltd boosted its position in Charter Communications by 54.2% during the second quarter. XTX Topco Ltd now owns 8,765 shares of the company’s stock worth $2,620,000 after purchasing an additional 3,080 shares during the period. Capco Asset Management LLC increased its stake in shares of Charter Communications by 1.7% in the second quarter. Capco Asset Management LLC now owns 109,343 shares of the company’s stock worth $32,689,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Venator Management LLC raised its position in shares of Charter Communications by 17.7% in the second quarter. Venator Management LLC now owns 5,975 shares of the company’s stock valued at $1,786,000 after purchasing an additional 900 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR opened at $330.40 on Monday. The stock has a market capitalization of $47.59 billion, a P/E ratio of 10.69, a PEG ratio of 0.61 and a beta of 1.05. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The stock has a 50-day moving average price of $344.81 and a 200-day moving average price of $302.50.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.05 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent research reports. Barclays lifted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen raised their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $359.94.

Charter Communications Company 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.