Reaves W H & Co. Inc. lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 34.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 279,416 shares of the company’s stock after selling 148,798 shares during the quarter. Charter Communications comprises approximately 3.7% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 7th biggest holding. Reaves W H & Co. Inc. owned 0.11% of Charter Communications worth $101,545,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Parametrica Management Ltd bought a new stake in shares of Charter Communications in the third quarter worth $226,000. Swiss National Bank lifted its position in shares of Charter Communications by 11.8% in the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after purchasing an additional 90,400 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares in the last quarter. Allen Investment Management LLC bought a new stake in shares of Charter Communications in the second quarter worth $127,850,000. Finally, State of Tennessee Treasury Department lifted its position in shares of Charter Communications by 6.7% in the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after purchasing an additional 8,280 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. reissued a “hold” rating and issued a $360.00 price objective (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $340.00 to $450.00 in a research report on Wednesday, August 9th. UBS AG reaffirmed a “buy” rating and set a $450.00 price target (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $372.00 price target (up from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $380.00 price target on shares of Charter Communications in a research report on Friday, October 27th. Thirteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $378.12.

Charter Communications, Inc. (CHTR) traded up $6.41 during trading hours on Friday, hitting $340.63. 1,513,100 shares of the company’s stock traded hands, compared to its average volume of 1,676,796. Charter Communications, Inc. has a 12-month low of $260.00 and a 12-month high of $408.83. The firm has a market capitalization of $84,680.00, a P/E ratio of 207.59, a P/E/G ratio of 5.19 and a beta of 1.10. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. equities research analysts expect that Charter Communications, Inc. will post 2.77 earnings per share for the current year.

In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

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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.

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

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