Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Decreased by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 707 shares of the company’s stock after selling 48 shares during the period. DAVENPORT & Co LLC’s holdings in Charter Communications were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Charter Communications by 9.7% in the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after acquiring an additional 1,311 shares in the last quarter. River Road Asset Management LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at approximately $29,948,000. Graham Capital Management L.P. raised its stake in shares of Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after acquiring an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. bought a new position in shares of Charter Communications in the 3rd quarter valued at approximately $16,411,000. Finally, Kinetic Partners Management LP raised its stake in shares of Charter Communications by 51.3% in the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock valued at $78,200,000 after acquiring an additional 60,300 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $262.85 on Thursday. Charter Communications, Inc. has a 1-year low of $258.56 and a 1-year high of $458.30. The firm has a market capitalization of $38.17 billion, a PE ratio of 8.76, a PEG ratio of 0.41 and a beta of 0.96. The business’s 50 day moving average is $290.83 and its 200-day moving average is $362.18. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.69 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 32.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHTR. Bank of America cut their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday. Rosenblatt Securities downgraded Charter Communications from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $472.00 to $335.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. dropped their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Benchmark dropped their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Finally, Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $388.67.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.