Lido Advisors LLC Cuts Holdings in Charter Communications Inc (CHTR)
Lido Advisors LLC decreased its position in Charter Communications Inc (NASDAQ:CHTR) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,657 shares of the company’s stock after selling 108 shares during the period. Lido Advisors LLC’s holdings in Charter Communications were worth $757,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Capital International Investors raised its stake in shares of Charter Communications by 752.5% during the 3rd quarter. Capital International Investors now owns 3,674,059 shares of the company’s stock worth $1,197,302,000 after purchasing an additional 3,243,090 shares in the last quarter. Longview Partners Guernsey LTD bought a new stake in shares of Charter Communications during the 4th quarter worth approximately $846,691,000. Senator Investment Group LP bought a new stake in shares of Charter Communications during the 3rd quarter worth approximately $236,263,000. Rehmann Capital Advisory Group raised its stake in Charter Communications by 34,636.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 347,713 shares of the company’s stock valued at $1,067,000 after acquiring an additional 346,712 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in Charter Communications in the 3rd quarter valued at $104,551,000. Hedge funds and other institutional investors own 74.67% of the company’s stock.
CHTR opened at $355.92 on Friday. The firm has a market cap of $80.21 billion, a PE ratio of 68.18, a P/E/G ratio of 1.20 and a beta of 1.40. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $356.90. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57.
In related news, EVP Richard R. Dykhouse sold 2,019 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the sale, the executive vice president now directly owns 9,880 shares in the company, valued at approximately $3,446,440.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John Bickham sold 14,017 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total value of $4,777,834.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,233 shares of company stock worth $19,544,909. 0.83% of the stock is currently owned by insiders.
A number of research firms recently weighed in on CHTR. Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target on the stock in a research note on Tuesday, February 26th. BidaskClub lowered Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank of Canada set a $400.00 price objective on Charter Communications and gave the company a “buy” rating in a report on Saturday, February 2nd. TD Securities upped their price objective on Charter Communications from $385.00 to $405.00 and gave the company a “buy” rating in a report on Friday, February 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $345.00 price objective (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 assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $359.22.
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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