Fox Point Capital Management LLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company’s stock after selling 5,000 shares during the period. Charter Communications makes up about 4.4% of Fox Point Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Fox Point Capital Management LLC’s holdings in Charter Communications were worth $1,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Charter Communications by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,248,921 shares of the company’s stock worth $757,545,000 after buying an additional 17,597 shares during the last quarter. Altarock Partners LLC boosted its stake in shares of Charter Communications by 6.5% in the 2nd quarter. Altarock Partners LLC now owns 410,537 shares of the company’s stock worth $138,289,000 after buying an additional 25,000 shares during the last quarter. Columbus Hill Capital Management L.P. purchased a new position in shares of Charter Communications in the 2nd quarter worth $10,106,000. Parametric Portfolio Associates LLC boosted its stake in shares of Charter Communications by 14.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 377,200 shares of the company’s stock worth $127,060,000 after buying an additional 47,295 shares during the last quarter. Finally, AO Asset Management LLC boosted its stake in shares of Charter Communications by 1.7% in the 2nd quarter. AO Asset Management LLC now owns 18,300 shares of the company’s stock worth $6,164,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same period in the previous year, the company posted $0.99 earnings per share. Charter Communications’s revenue for the quarter was up 3.9% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/09/25/fox-point-capital-management-llc-sells-5000-shares-of-charter-communications-inc-chtr.html.

A number of equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. BidaskClub downgraded Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. HSBC Holdings plc restated a “hold” rating and issued a $360.00 price target (up from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $372.00 price target (up from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $379.19.

In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the sale, the executive vice president now directly owns 18,025 shares of the company’s stock, valued at $7,191,975. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Charter Communications Company 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.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.