Wealthsource Partners LLC Sells 464 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Wealthsource Partners LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 28.6% in the third quarter, Holdings Channel reports. The fund owned 1,157 shares of the company’s stock after selling 464 shares during the quarter. Wealthsource Partners LLC’s holdings in Charter Communications were worth $351,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its holdings in shares of Charter Communications by 72.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 83 shares of the company’s stock valued at $25,000 after acquiring an additional 35 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Charter Communications by 69.5% in the 3rd quarter. MCF Advisors LLC now owns 100 shares of the company’s stock valued at $30,000 after acquiring an additional 41 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Charter Communications by 137.8% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 88 shares of the company’s stock valued at $41,000 after acquiring an additional 51 shares during the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at about $41,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Charter Communications in the 2nd quarter valued at about $47,000. Institutional investors own 66.05% of the company’s stock.

Insiders Place Their Bets

In other Charter Communications news, Chairman Thomas Rutledge sold 30,000 shares of Charter Communications stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $383.64, for a total value of $11,509,200.00. Following the transaction, the chairman now directly owns 17,493 shares of the company’s stock, valued at $6,711,014.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charter Communications news, Chairman Thomas Rutledge sold 30,000 shares of Charter Communications stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $383.64, for a total value of $11,509,200.00. Following the transaction, the chairman now directly owns 17,493 shares of the company’s stock, valued at $6,711,014.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Miron purchased 2,500 shares of the business’s stock in a transaction on Tuesday, January 31st. The stock was purchased at an average cost of $384.35 per share, for a total transaction of $960,875.00. Following the completion of the acquisition, the director now directly owns 9,173 shares of the company’s stock, valued at approximately $3,525,642.55. The disclosure for this purchase can be found here. Corporate insiders own 1.96% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $336.14 on Wednesday. The firm has a market cap of $51.31 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.42 and a beta of 1.12. The company’s 50 day moving average is $381.67 and its 200 day moving average is $365.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.66. Charter Communications, Inc. has a 52-week low of $297.66 and a 52-week high of $579.09.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its quarterly earnings results on Friday, January 27th. The company reported $7.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.03 by ($0.34). Charter Communications had a return on equity of 37.20% and a net margin of 9.36%. The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the firm posted $8.93 earnings per share. Charter Communications’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 32.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CHTR. Credit Suisse Group raised their price objective on shares of Charter Communications from $541.00 to $606.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. Evercore ISI decreased their price objective on shares of Charter Communications to $500.00 in a research note on Wednesday, December 14th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Thursday, January 5th. Royal Bank of Canada decreased their price objective on shares of Charter Communications from $460.00 to $440.00 and set an “outperform” rating for the company in a research note on Tuesday, January 31st. Finally, Wells Fargo & Company raised their price objective on shares of Charter Communications from $340.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Monday, January 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Moderate Buy” and an average price target of $486.86.

Charter Communications Company Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.