Rhumbline Advisers Has $47.99 Million Stock Position in Charter Communications, Inc. $CHTR

Rhumbline Advisers cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,430 shares of the company’s stock after selling 4,928 shares during the period. Rhumbline Advisers owned approximately 0.13% of Charter Communications worth $47,989,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Charter Communications during the second quarter worth approximately $25,000. Webster Bank N. A. bought a new position in Charter Communications in the 3rd quarter worth approximately $28,000. Heritage Wealth Advisors acquired a new position in Charter Communications during the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. bought a new position in Charter Communications in the 3rd quarter valued at $30,000. Finally, Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group set a $425.00 price target on Charter Communications in a research note on Thursday, January 29th. New Street Research cut their target price on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. TD Cowen lifted their price target on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. The Goldman Sachs Group dropped their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research note on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $335.67.

Charter Communications Trading Up 0.4%

Shares of NASDAQ:CHTR opened at $239.09 on Friday. The company’s 50-day moving average price is $208.30 and its two-hundred day moving average price is $234.13. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $30.28 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same period last year, the business earned $10.10 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.