Stockbridge Partners LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,982 shares of the company’s stock after selling 108,629 shares during the quarter. Charter Communications accounts for about 8.4% of Stockbridge Partners LLC’s investment portfolio, making the stock its 3rd largest position. Stockbridge Partners LLC owned approximately 0.18% of Charter Communications worth $166,803,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Charter Communications by 43.3% during the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares during the last quarter. Huntington National Bank bought a new stake in shares of Charter Communications during the third quarter valued at approximately $128,000. Barrett Asset Management LLC raised its position in shares of Charter Communications by 118.7% during the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Charter Communications by 50.7% during the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares during the last quarter. Finally, Rational Advisors LLC bought a new stake in shares of Charter Communications during the second quarter valued at approximately $168,000. 72.22% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on CHTR shares. Robert W. Baird reiterated a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. UBS reiterated a “buy” rating and set a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $400.00 price objective on shares of Charter Communications in a research report on Thursday, November 2nd. Citigroup lifted their price objective on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $378.12.

In related news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction dated Monday, October 30th. The stock was purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Charter Communications, Inc. (NASDAQ CHTR) opened at $322.64 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 1 year low of $275.11 and a 1 year high of $408.83. The firm has a market cap of $82,280.00, a price-to-earnings ratio of 207.45, a price-to-earnings-growth ratio of 6.22 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter last year, the firm earned $0.69 EPS. The company’s revenue was up 4.2% on a year-over-year basis. equities research analysts expect that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.

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Charter Communications Profile

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

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