Delta Investment Management LLC Lowers Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Delta Investment Management LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.5% during the second quarter, HoldingsChannel.com reports. The fund owned 5,957 shares of the company’s stock after selling 625 shares during the quarter. Delta Investment Management LLC’s holdings in Charter Communications were worth $1,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC increased its position in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Charter Communications during the first quarter valued at about $34,000. Riverview Trust Co bought a new position in Charter Communications in the 1st quarter valued at about $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after acquiring an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new position in shares of Charter Communications during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 2.7 %

CHTR stock opened at $314.49 on Thursday. The company has a market capitalization of $44.89 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company’s 50-day simple moving average is $344.87 and its 200 day simple moving average is $303.12.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.05 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHTR. Pivotal Research raised their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group started coverage on Charter Communications in a report on Monday, July 1st. They issued a “sell” rating and a $250.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Rosenblatt Securities increased their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $359.94.

Charter Communications Company 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.