Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,952 shares of the company’s stock after selling 75 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Charter Communications were worth $1,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sei Investments Co. increased its holdings in Charter Communications by 21.0% in the 2nd quarter. Sei Investments Co. now owns 154,329 shares of the company’s stock worth $46,139,000 after buying an additional 26,800 shares during the period. Banyan Capital Management Inc. increased its holdings in Charter Communications by 16.4% in the 2nd quarter. Banyan Capital Management Inc. now owns 31,943 shares of the company’s stock worth $9,550,000 after buying an additional 4,500 shares during the period. Intech Investment Management LLC increased its holdings in Charter Communications by 150.8% in the 2nd quarter. Intech Investment Management LLC now owns 1,936 shares of the company’s stock worth $579,000 after buying an additional 1,164 shares during the period. XTX Topco Ltd increased its holdings in Charter Communications by 54.2% in the 2nd quarter. XTX Topco Ltd now owns 8,765 shares of the company’s stock worth $2,620,000 after buying an additional 3,080 shares during the period. Finally, Capco Asset Management LLC increased its holdings in Charter Communications by 1.7% in the 2nd quarter. Capco Asset Management LLC now owns 109,343 shares of the company’s stock worth $32,689,000 after buying an additional 1,795 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.2 %

Shares of CHTR stock opened at $326.32 on Friday. The stock’s fifty day moving average is $344.62 and its two-hundred day moving average is $304.60. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $47.00 billion, a P/E ratio of 10.55, a PEG ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for 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%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $8.05 EPS. Research analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHTR shares. Royal Bank of Canada assumed coverage on shares of Charter Communications in a report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research note on Monday, September 30th. Barclays raised their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday, July 29th. Finally, Morgan Stanley raised their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $356.41.

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.