Charter Communications, Inc. $CHTR Stock Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 63.6% in the third quarter, HoldingsChannel reports. The firm owned 20,256 shares of the company’s stock after selling 35,409 shares during the period. Voya Investment Management LLC’s holdings in Charter Communications were worth $5,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 0.5% in the second quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock valued at $3,365,203,000 after purchasing an additional 39,944 shares in the last quarter. State Street Corp lifted its stake in Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after acquiring an additional 198,979 shares in the last quarter. Norges Bank acquired a new stake in Charter Communications during the 2nd quarter worth about $1,145,387,000. Geode Capital Management LLC grew its stake in Charter Communications by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock valued at $1,056,800,000 after acquiring an additional 41,206 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Charter Communications by 0.7% during the 2nd quarter. Invesco Ltd. now owns 1,848,370 shares of the company’s stock valued at $755,632,000 after acquiring an additional 13,563 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

Charter Communications Price Performance

Shares of CHTR opened at $208.01 on Thursday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $26.92 billion, a PE ratio of 5.77, a PEG ratio of 0.65 and a beta of 1.06. The firm’s 50 day moving average price is $215.77 and its 200 day moving average price is $280.12. Charter Communications, Inc. has a twelve month low of $193.00 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter last year, the company earned $8.82 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BNP Paribas Exane reduced their price target on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research report on Tuesday, November 4th. The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $215.00 to $210.00 and set a “sell” rating on the stock in a research note on Thursday, December 18th. Sanford C. Bernstein reissued a “market perform” rating and set a $280.00 target price (down previously from $350.00) on shares of Charter Communications in a research note on Monday, November 3rd. Bank of America lowered their price target on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, UBS Group cut their price objective on Charter Communications from $355.00 to $233.00 and set a “neutral” rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $321.13.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.