Stance Capital LLC Sells 3,255 Shares of Charter Communications, Inc. $CHTR

Stance Capital LLC reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 62.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,931 shares of the company’s stock after selling 3,255 shares during the period. Stance Capital LLC’s holdings in Charter Communications were worth $531,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Optimize Financial Inc purchased a new position in shares of Charter Communications in the third quarter worth about $1,557,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Charter Communications by 245.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after purchasing an additional 10,455 shares during the period. State Street Corp grew its position in Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after buying an additional 198,979 shares in the last quarter. Korea Investment CORP grew its holdings in shares of Charter Communications by 12.0% during the second quarter. Korea Investment CORP now owns 74,512 shares of the company’s stock worth $30,461,000 after purchasing an additional 7,972 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Charter Communications during the 3rd quarter valued at $5,260,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $209.00 on Thursday. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06. The firm has a 50 day moving average of $217.09 and a 200 day moving average of $227.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The company has a market capitalization of $26.47 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (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 company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the previous year, the business earned $10.10 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. TD Cowen raised their price objective on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Benchmark boosted their price objective on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Williams Trading set a $437.00 price target on shares of Charter Communications in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $335.11.

Charter Communications Profile

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.