Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 10.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,310 shares of the company’s stock after selling 4,091 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Charter Communications were worth $9,780,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Savant Capital LLC grew its holdings in shares of Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock worth $556,000 after acquiring an additional 31 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Charter Communications by 3.1% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock worth $363,000 after acquiring an additional 36 shares during the last quarter. PFG Investments LLC grew its holdings in shares of Charter Communications by 2.1% in the 2nd quarter. PFG Investments LLC now owns 1,926 shares of the company’s stock worth $576,000 after acquiring an additional 39 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Charter Communications by 0.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock worth $2,344,000 after acquiring an additional 40 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in shares of Charter Communications by 4.4% in the 2nd quarter. Ingalls & Snyder LLC now owns 1,023 shares of the company’s stock worth $306,000 after acquiring an additional 43 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $343.37 on Tuesday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The business has a 50-day moving average of $342.05 and a two-hundred day moving average of $301.01. The stock has a market capitalization of $49.01 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39.

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

Analysts Set New Price Targets

Several analysts have recently commented on CHTR shares. Wolfe Research cut Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Morgan Stanley raised their target price on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Barclays raised their target price on Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Wells Fargo & Company raised their target price on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Pivotal Research raised their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $360.93.

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.