Charter Communications, Inc. $CHTR Shares Sold by Ruane Cunniff & Goldfarb L.P.

Ruane Cunniff & Goldfarb L.P. lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 362,000 shares of the company’s stock after selling 11,432 shares during the quarter. Charter Communications makes up approximately 1.2% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 19th biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Charter Communications were worth $75,568,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CHTR. Geneos Wealth Management Inc. raised its stake in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Charter Communications by 1,600.0% in the 4th quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock valued at $39,000 after purchasing an additional 176 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at about $41,000. Rakuten Securities Inc. raised its stake in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after acquiring an additional 107 shares during the period. Finally, AlphaCentric Advisors LLC acquired a new stake in Charter Communications during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $145.82 on Friday. Charter Communications, Inc. has a 52 week low of $126.70 and a 52 week high of $422.29. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 3.94, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. The company has a 50-day moving average price of $173.50 and a two-hundred day moving average price of $199.21.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter last year, the company posted $8.42 EPS. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts forecast that Charter Communications, Inc. will post 43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHTR. JPMorgan Chase & Co. began coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price objective on the stock. Citigroup dropped their price objective on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Benchmark dropped their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $290.38.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Thomas Rutledge sold 69,633 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the transaction, the director owned 3,968 shares in the company, valued at approximately $573,177.60. This represents a 94.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mauricio Ramos bought 9,929 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the transaction, the director owned 19,309 shares in the company, valued at $2,721,217.37. The trade was a 105.85% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 20,125 shares of company stock worth $3,167,116 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.