Charter Communications Inc (CHTR) Holdings Cut by Gabelli Funds LLC

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Gabelli Funds LLC decreased its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,253 shares of the company’s stock after selling 7,050 shares during the period. Gabelli Funds LLC’s holdings in Charter Communications were worth $34,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Veritas Asset Management LLP lifted its stake in Charter Communications by 65.3% in the 2nd quarter. Veritas Asset Management LLP now owns 4,434,781 shares of the company’s stock valued at $1,300,322,000 after buying an additional 1,752,400 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Charter Communications during the 2nd quarter worth $321,000. Putnam Investments LLC lifted its stake in shares of Charter Communications by 23.7% during the 2nd quarter. Putnam Investments LLC now owns 1,241,872 shares of the company’s stock worth $364,129,000 after purchasing an additional 237,673 shares during the period. Triple Frond Partners LLC lifted its stake in shares of Charter Communications by 33.7% during the 2nd quarter. Triple Frond Partners LLC now owns 620,029 shares of the company’s stock worth $181,799,000 after purchasing an additional 156,244 shares during the period. Finally, Vantage Investment Partners LLC purchased a new position in shares of Charter Communications during the 2nd quarter worth $39,436,000. Institutional investors own 71.10% of the company’s stock.

In other news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

CHTR has been the topic of a number of recent analyst reports. BidaskClub lowered Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 21st. UBS Group reduced their price target on Charter Communications from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Raymond James reduced their price target on Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 31st. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, SunTrust Banks reduced their price target on Charter Communications from $390.00 to $365.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and a consensus target price of $360.13.

CHTR stock opened at $320.67 on Wednesday. The firm has a market cap of $72.77 billion, a PE ratio of 121.01, a PEG ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.23. Charter Communications Inc has a 52 week low of $250.10 and a 52 week high of $396.64.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, October 26th. The company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $1.06. The business had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. On average, analysts forecast that Charter Communications Inc will post 5.17 earnings per share for the current fiscal year.

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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.

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

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