Gamco Investors INC. ET AL reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 16.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,851 shares of the company’s stock after selling 6,530 shares during the period. Gamco Investors INC. ET AL’s holdings in Charter Communications were worth $12,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. MML Investors Services LLC increased its position in Charter Communications by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock valued at $284,000 after buying an additional 11 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares during the period. Intrust Bank NA increased its holdings in shares of Charter Communications by 3.3% in the second quarter. Intrust Bank NA now owns 980 shares of the company’s stock valued at $330,000 after purchasing an additional 31 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Charter Communications by 0.5% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock valued at $2,672,000 after purchasing an additional 36 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Charter Communications by 1.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,411 shares of the company’s stock valued at $1,149,000 after purchasing an additional 38 shares during the period. 73.97% of the stock is currently owned by institutional investors.

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Charter Communications, Inc. (CHTR) opened at $338.44 on Friday. The stock has a market capitalization of $84,825.73, a P/E ratio of 211.93, a price-to-earnings-growth ratio of 5.30 and a beta of 1.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a 1 year low of $258.63 and a 1 year high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. equities analysts forecast that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Macquarie reissued a “buy” rating and issued a $430.00 price objective on shares of Charter Communications in a report on Tuesday, October 3rd. HSBC Holdings plc reissued a “hold” rating and issued a $360.00 price objective (up from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. Pivotal Research reissued a “buy” rating and issued a $420.00 price objective (up from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $372.00 price objective (up from $330.00) on shares of Charter Communications in a report on Sunday, July 30th. Thirteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $378.12.

In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the stock in a transaction on Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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