Vanguard Personalized Indexing Management LLC Trims Stock Position in Charter Communications, Inc. $CHTR

Vanguard Personalized Indexing Management LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 23.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,209 shares of the company’s stock after selling 3,482 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Charter Communications were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. Y Intercept Hong Kong Ltd boosted its holdings in Charter Communications by 113.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after buying an additional 4,273 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Charter Communications by 11.8% in the second quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock worth $15,552,000 after acquiring an additional 4,000 shares during the period. WBI Investments LLC boosted its stake in shares of Charter Communications by 74.9% during the 2nd quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after acquiring an additional 1,489 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Charter Communications by 8.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock valued at $13,386,000 after acquiring an additional 2,560 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Charter Communications by 245.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after purchasing an additional 10,455 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CHTR shares. Barclays reduced their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $180.00 price objective (down from $240.00) on shares of Charter Communications in a report on Tuesday, January 13th. Finally, Benchmark reiterated a “buy” rating on shares of Charter Communications in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $323.67.

Charter Communications Trading Up 4.8%

Shares of CHTR stock opened at $191.52 on Friday. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s fifty day moving average is $202.00 and its two-hundred day moving average is $245.12. The firm has a market capitalization of $24.78 billion, a P/E ratio of 5.31, a PEG ratio of 0.51 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The business had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. Charter Communications’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $8.82 earnings per share. Research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.