Keybank National Association OH reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,437 shares of the company’s stock after selling 318 shares during the period. Keybank National Association OH’s holdings in Charter Communications were worth $1,780,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares in the last quarter. Colony Group LLC raised its stake in Charter Communications by 0.7% in the third quarter. Colony Group LLC now owns 889 shares of the company’s stock valued at $240,000 after buying an additional 6 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Charter Communications by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,257 shares of the company’s stock valued at $938,000 after buying an additional 12 shares during the period. Advisor Partners LLC raised its stake in shares of Charter Communications by 0.7% in the third quarter. Advisor Partners LLC now owns 2,180 shares of the company’s stock valued at $589,000 after buying an additional 15 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Charter Communications by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,357 shares of the company’s stock valued at $1,540,000 after buying an additional 21 shares during the period. 74.71% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Shares of Charter Communications, Inc. (NASDAQ:CHTR) traded up 0.56% during midday trading on Friday, reaching $340.22. The company’s stock had a trading volume of 2,406,080 shares. Charter Communications, Inc. has a 12-month low of $214.06 and a 12-month high of $355.00. The firm has a market capitalization of $91.02 billion, a P/E ratio of 23.11 and a beta of 1.11. The stock has a 50-day moving average of $332.47 and a 200 day moving average of $318.45.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.99 by $0.42. The company had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.26 billion. Charter Communications had a return on equity of 2.13% and a net margin of 10.55%. The business’s revenue was up 301.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.68) earnings per share. Equities research analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

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A number of research firms have recently weighed in on CHTR. Evercore ISI reissued an “overweight” rating on shares of Charter Communications in a research note on Monday, February 27th. Wunderlich lowered Charter Communications from a “buy” rating to a “hold” rating and lowered their target price for the company from $360.00 to $350.00 in a research note on Wednesday, May 3rd. Moffett Nathanson downgraded Charter Communications from a “buy” rating to a “neutral” rating and set a $337.00 price target on the stock. in a report on Wednesday, February 22nd. Wells Fargo & Company downgraded Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price target on the stock. in a report on Wednesday, May 3rd. Finally, Deutsche Bank AG reduced their price target on Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Eleven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $327.67.

In other Charter Communications news, Director David C. Merritt bought 1,200 shares of Charter Communications stock in a transaction on Thursday, May 11th. The shares were bought at an average cost of $326.31 per share, for a total transaction of $391,572.00. Following the acquisition, the director now directly owns 8,174 shares in the company, valued at $2,667,257.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total transaction of $323,620.00. Following the completion of the sale, the director now directly owns 13,436 shares in the company, valued at $4,348,158.32. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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