Global X Management Co. LLC Sells 507 Shares of Charter Communications (CHTR)

Global X Management Co. LLC reduced its holdings in Charter Communications (NASDAQ:CHTR) by 11.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,051 shares of the company’s stock after selling 507 shares during the quarter. Global X Management Co. LLC’s holdings in Charter Communications were worth $1,261,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Price Capital Management Inc. acquired a new stake in Charter Communications in the 4th quarter valued at $101,000. Kings Point Capital Management increased its stake in Charter Communications by 68.4% in the 4th quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after buying an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Charter Communications by 109.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after buying an additional 214 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in Charter Communications in the 4th quarter valued at $151,000. Finally, Valeo Financial Advisors LLC increased its stake in Charter Communications by 16,866.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock valued at $171,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 72.24% of the company’s stock.

Get Charter Communications alerts:

Several equities research analysts have issued reports on CHTR shares. Citigroup restated a “buy” rating and set a $436.00 price objective (down from $453.00) on shares of Charter Communications in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. SunTrust Banks lowered their price objective on shares of Charter Communications to $390.00 and set a “buy” rating on the stock in a research note on Monday, April 30th. Barclays restated a “sell” rating and set a $254.00 price objective on shares of Charter Communications in a research note on Monday, April 30th. Finally, Pivotal Research lowered their price objective on shares of Charter Communications from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Friday, April 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $388.82.

Shares of CHTR stock opened at $271.01 on Wednesday. The stock has a market cap of $66.04 billion, a P/E ratio of 102.27, a P/E/G ratio of 3.40 and a beta of 1.20. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 1.43. Charter Communications has a 52 week low of $250.10 and a 52 week high of $408.83.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.44 by $0.26. The business had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. Charter Communications’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. research analysts forecast that Charter Communications will post 3.9 EPS for the current year.

About Charter Communications

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.

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications (NASDAQ:CHTR).

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

Leave a Reply

Your email address will not be published. Required fields are marked *