Korea Investment CORP Sells 40,948 Shares of Charter Communications (CHTR)

Korea Investment CORP cut its stake in Charter Communications (NASDAQ:CHTR) by 26.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,881 shares of the company’s stock after selling 40,948 shares during the period. Korea Investment CORP’s holdings in Charter Communications were worth $35,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CHTR. Kings Point Capital Management increased its holdings in Charter Communications by 68.4% during the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after purchasing an additional 141 shares in the last quarter. MML Investors Services LLC increased its holdings in Charter Communications by 15.8% during the 4th quarter. MML Investors Services LLC now owns 1,046 shares of the company’s stock valued at $351,000 after purchasing an additional 143 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Charter Communications by 27.7% during the 4th quarter. Mackenzie Financial Corp now owns 774 shares of the company’s stock valued at $260,000 after purchasing an additional 168 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Charter Communications by 4.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,918 shares of the company’s stock valued at $1,316,000 after purchasing an additional 173 shares in the last quarter. Finally, TRUE Private Wealth Advisors increased its holdings in Charter Communications by 16.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,353 shares of the company’s stock valued at $454,000 after purchasing an additional 191 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Charter Communications opened at $270.17 on Friday, Marketbeat Ratings reports. Charter Communications has a 12-month low of $250.10 and a 12-month high of $408.83. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $63.68 billion, a PE ratio of 101.95, a P/E/G ratio of 3.22 and a beta of 1.20.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.26. Charter Communications had a return on equity of 1.15% and a net margin of 23.55%. The business had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the company earned $0.57 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. analysts forecast that Charter Communications will post 3.97 EPS for the current fiscal year.

A number of research firms recently weighed in on CHTR. KeyCorp began coverage on Charter Communications in a report on Wednesday. They set an “equal weight” rating for the company. SunTrust Banks dropped their price target on Charter Communications to $390.00 and set a “buy” rating for the company in a report on Monday, April 30th. Buckingham Research dropped their price target on Charter Communications from $425.00 to $397.00 and set a “buy” rating for the company in a report on Monday, April 30th. Macquarie reaffirmed a “buy” rating on shares of Charter Communications in a report on Sunday, May 13th. Finally, Zacks Investment Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, April 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Charter Communications has a consensus rating of “Hold” and an average price target of $388.82.

Charter Communications Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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

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