Charter Communications, Inc. $CHTR Stock Position Lowered by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 96.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,803 shares of the company’s stock after selling 53,020 shares during the period. Rockefeller Capital Management L.P.’s holdings in Charter Communications were worth $376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CHTR. Pure Financial Advisors LLC raised its position in Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after buying an additional 44 shares during the period. Invesco Ltd. increased its holdings in shares of Charter Communications by 15.4% in the 4th quarter. Invesco Ltd. now owns 2,777,898 shares of the company’s stock valued at $579,886,000 after purchasing an additional 370,167 shares during the period. Rare Wolf Capital LLC purchased a new stake in shares of Charter Communications in the fourth quarter worth approximately $1,375,000. Corient Private Wealth LLC boosted its stake in shares of Charter Communications by 43.1% during the 4th quarter. Corient Private Wealth LLC now owns 13,402 shares of the company’s stock valued at $2,798,000 after buying an additional 4,034 shares during the period. Finally, Caitlin John LLC increased its stake in shares of Charter Communications by 103.3% in the fourth quarter. Caitlin John LLC now owns 305 shares of the company’s stock worth $64,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Freedom Capital raised Charter Communications to a “hold” rating in a research report on Friday, June 12th. Benchmark cut their price target on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. UBS Group reiterated a “neutral” rating and set a $235.00 price target on shares of Charter Communications in a report on Thursday, June 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group cut their price objective on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $260.06.

Insider Transactions at Charter Communications

In related news, Director Wade Davis bought 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the acquisition, the director owned 6,925 shares in the company, valued at $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Balan Nair bought 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of $175.46 per share, with a total value of $175,460.00. Following the transaction, the director directly owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by company insiders.

Charter Communications Price Performance

NASDAQ CHTR opened at $141.24 on Tuesday. Charter Communications, Inc. has a fifty-two week low of $124.05 and a fifty-two week high of $413.14. The stock’s 50-day moving average is $145.77 and its two-hundred day moving average is $191.99. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $17.37 billion, a P/E ratio of 3.82, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $8.42 EPS. On average, analysts anticipate that Charter Communications, Inc. will post 42.28 earnings per share for the current fiscal year.

Charter Communications Company Profile

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.