Charter Communications Inc (CHTR) Holdings Cut by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,980 shares of the company’s stock after selling 359 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Charter Communications were worth $28,978,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CHTR. Veritas Asset Management LLP boosted its holdings in Charter Communications by 65.3% during the second quarter. Veritas Asset Management LLP now owns 4,434,781 shares of the company’s stock valued at $1,300,322,000 after acquiring an additional 1,752,400 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in Charter Communications during the second quarter valued at about $321,000. Putnam Investments LLC boosted its holdings in Charter Communications by 23.7% during the second quarter. Putnam Investments LLC now owns 1,241,872 shares of the company’s stock valued at $364,129,000 after acquiring an additional 237,673 shares during the period. Triple Frond Partners LLC boosted its holdings in Charter Communications by 33.7% during the second quarter. Triple Frond Partners LLC now owns 620,029 shares of the company’s stock valued at $181,799,000 after acquiring an additional 156,244 shares during the period. Finally, AXA boosted its holdings in Charter Communications by 457.1% during the third quarter. AXA now owns 182,680 shares of the company’s stock valued at $59,532,000 after acquiring an additional 149,886 shares during the period. Institutional investors own 72.02% of the company’s stock.

In related news, insider John Bickham sold 144,672 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.83% of the company’s stock.

Shares of CHTR opened at $309.43 on Friday. The stock has a market cap of $69.94 billion, a PE ratio of 63.39, a P/E/G ratio of 1.55 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 announced its quarterly earnings data on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The business had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts predict that Charter Communications Inc will post 5.19 EPS for the current year.

CHTR has been the subject of a number of recent analyst reports. UBS Group decreased their price target on shares of Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a report on Monday, October 29th. Raymond James decreased their price target on shares of Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. SunTrust Banks cut their price objective on shares of Charter Communications from $390.00 to $365.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Charter Communications has an average rating of “Buy” and a consensus target price of $360.13.

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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.

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

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