Charter Communications Inc (NASDAQ:CHTR) Shares Sold by Rockshelter Capital Management LLC

Rockshelter Capital Management LLC lessened its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,027 shares of the company’s stock after selling 1,058 shares during the quarter. Charter Communications makes up 2.6% of Rockshelter Capital Management LLC’s holdings, making the stock its 18th biggest position. Rockshelter Capital Management LLC’s holdings in Charter Communications were worth $7,519,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ETF Managers Group LLC lifted its stake in shares of Charter Communications by 18.7% in the second quarter. ETF Managers Group LLC now owns 546 shares of the company’s stock worth $214,000 after buying an additional 86 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in shares of Charter Communications by 11.6% in the second quarter. AMP Capital Investors Ltd now owns 76,133 shares of the company’s stock worth $29,798,000 after buying an additional 7,895 shares in the last quarter. Holocene Advisors LP purchased a new position in shares of Charter Communications in the second quarter worth about $351,000. National Pension Service lifted its stake in shares of Charter Communications by 5.4% in the second quarter. National Pension Service now owns 190,984 shares of the company’s stock worth $75,473,000 after buying an additional 9,700 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Charter Communications by 9.7% in the second quarter. Asset Management One Co. Ltd. now owns 87,694 shares of the company’s stock worth $34,659,000 after buying an additional 7,754 shares in the last quarter. Institutional investors own 72.14% of the company’s stock.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of Charter Communications stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the director now directly owns 11,773 shares of the company’s stock, valued at $4,588,879.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance Conn sold 927 shares of Charter Communications stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. Bank of America reissued a “buy” rating and issued a $450.00 price target (up from $425.00) on shares of Charter Communications in a research note on Tuesday, July 30th. Pivotal Research reissued a “buy” rating and issued a $500.00 price target on shares of Charter Communications in a research note on Friday, July 26th. Rosenblatt Securities reissued a “buy” rating and issued a $480.00 price target on shares of Charter Communications in a research note on Monday, July 29th. Benchmark set a $422.00 price target on shares of Charter Communications and gave the stock a “hold” rating in a research note on Monday, August 26th. Finally, BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $415.21.

CHTR stock traded down $2.12 during trading on Monday, reaching $423.40. 39,043 shares of the stock were exchanged, compared to its average volume of 1,059,612. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average price of $396.60 and a 200-day moving average price of $379.90. Charter Communications Inc has a 1 year low of $272.91 and a 1 year high of $431.43. The firm has a market capitalization of $94.13 billion, a price-to-earnings ratio of 81.08, a P/E/G ratio of 1.53 and a beta of 1.22.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The firm had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period last year, the firm earned $1.15 earnings per share. Charter Communications’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts anticipate that Charter Communications Inc will post 6.58 EPS for the current year.

Charter Communications Company 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, and spectrum mobile and spectrum guide services, 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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