Aravt Global LLC decreased its holdings in Charter Communications Inc (NASDAQ:CHTR) by 29.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 239,000 shares of the company’s stock after selling 100,000 shares during the quarter. Charter Communications makes up 9.7% of Aravt Global LLC’s holdings, making the stock its 3rd biggest holding. Aravt Global LLC’s holdings in Charter Communications were worth $68,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lancaster Investment Management LLP acquired a new stake in Charter Communications during the fourth quarter worth approximately $15,040,000. Mackay Shields LLC raised its holdings in Charter Communications by 53.2% during the fourth quarter. Mackay Shields LLC now owns 50,830 shares of the company’s stock worth $14,485,000 after purchasing an additional 17,655 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in Charter Communications during the fourth quarter worth approximately $38,816,000. QS Investors LLC raised its holdings in Charter Communications by 2.5% during the fourth quarter. QS Investors LLC now owns 4,071 shares of the company’s stock worth $1,161,000 after purchasing an additional 100 shares in the last quarter. Finally, Achmea Investment Management B.V. acquired a new position in shares of Charter Communications in the 4th quarter valued at $2,085,000. 74.67% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Jonathan Hargis sold 15,000 shares of Charter Communications stock in a transaction on Monday, February 4th. The shares were sold at an average price of $339.51, for a total value of $5,092,650.00. Following the transaction, the executive vice president now directly owns 15,964 shares in the company, valued at approximately $5,419,937.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bickham sold 14,017 shares of Charter Communications stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $340.86, for a total transaction of $4,777,834.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,233 shares of company stock worth $19,544,909. 0.83% of the stock is currently owned by insiders.

NASDAQ:CHTR opened at $355.92 on Friday. Charter Communications Inc has a 1-year low of $250.10 and a 1-year high of $356.90. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $80.21 billion, a P/E ratio of 68.18, a PEG ratio of 1.20 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Analysts forecast that Charter Communications Inc will post 7.54 earnings per share for the current fiscal year.

CHTR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 target price on the stock in a report on Tuesday, February 26th. Royal Bank of Canada set a $400.00 target price on shares of Charter Communications and gave the company a “buy” rating in a report on Saturday, February 2nd. TD Securities lifted their target price on shares of Charter Communications from $385.00 to $405.00 and gave the company a “buy” rating in a report on Friday, February 1st. BidaskClub cut shares of Charter Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $345.00 target price (up from $294.00) on shares of Charter Communications in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $359.22.

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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, 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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