Veriti Management LLC reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,587 shares of the company’s stock after selling 202 shares during the quarter. Veriti Management LLC’s holdings in Charter Communications were worth $538,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC bought a new stake in Charter Communications during the fourth quarter worth $28,000. Hexagon Capital Partners LLC raised its position in Charter Communications by 72.9% during the third quarter. Hexagon Capital Partners LLC now owns 83 shares of the company’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in Charter Communications by 137.8% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 88 shares of the company’s stock worth $41,000 after acquiring an additional 51 shares in the last quarter. MCF Advisors LLC raised its position in Charter Communications by 69.5% during the third quarter. MCF Advisors LLC now owns 100 shares of the company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Charter Communications by 292.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the company’s stock valued at $37,000 after purchasing an additional 82 shares during the last quarter. 66.05% of the stock is owned by institutional investors.
Charter Communications Stock Up 2.5 %
CHTR stock opened at $357.61 on Friday. The stock has a market capitalization of $54.59 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 0.45 and a beta of 1.12. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 7.66. The firm has a 50-day moving average price of $373.70 and a 200-day moving average price of $360.68. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $574.65.
Insider Buying and Selling
In other news, Director Steven A. Miron bought 2,500 shares of the company’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 transaction, the director now owns 9,173 shares of the company’s stock, valued at $3,525,642.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Charter Communications news, Chairman Thomas Rutledge sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $383.64, for a total transaction of $11,509,200.00. Following the sale, the chairman now directly owns 17,493 shares of the company’s stock, valued at approximately $6,711,014.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Miron purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were acquired at an average cost of $384.35 per share, with a total value of $960,875.00. Following the purchase, 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. 1.96% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on CHTR shares. StockNews.com started coverage on shares of Charter Communications in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Cowen decreased their price target on shares of Charter Communications from $670.00 to $649.00 in a research note on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $450.00 to $425.00 in a research note on Monday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Charter Communications from $470.00 to $450.00 in a research note on Sunday, January 29th. Finally, Morgan Stanley upped their price target on shares of Charter Communications from $420.00 to $460.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $487.77.
About Charter Communications
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.
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