Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 58.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95 shares of the company’s stock after selling 131 shares during the quarter. MV Capital Management Inc.’s holdings in Charter Communications were worth $28,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $25,000. Riverview Trust Co purchased a new stake in shares of Charter Communications during the first quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $44,000. Cullen Frost Bankers Inc. raised its stake in shares of Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. Finally, Bourgeon Capital Management LLC raised its stake in shares of Charter Communications by 219.5% during the fourth quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after purchasing an additional 90 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Rosenblatt Securities cut their price target on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. The Goldman Sachs Group initiated coverage on Charter Communications in a research report on Monday. They issued a “sell” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, Bank of America cut their price objective on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $343.13.

Charter Communications Trading Up 2.5 %

NASDAQ:CHTR opened at $303.50 on Wednesday. The company has a market capitalization of $43.71 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The stock has a fifty day simple moving average of $275.31 and a 200-day simple moving average of $304.41.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $6.65 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 32.51 earnings per share for the current fiscal year.

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.