Thrivent Financial for Lutherans Cuts Stock Position in Charter Communications, Inc. $CHTR

Thrivent Financial for Lutherans decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 63.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,578 shares of the company’s stock after selling 6,191 shares during the period. Thrivent Financial for Lutherans’ holdings in Charter Communications were worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Charter Communications during the second quarter valued at $1,145,387,000. Lind Value II ApS acquired a new position in shares of Charter Communications during the 3rd quarter worth about $60,646,000. Arrowstreet Capital Limited Partnership lifted its stake in Charter Communications by 15.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock valued at $644,210,000 after buying an additional 209,869 shares in the last quarter. State Street Corp boosted its holdings in Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after buying an additional 198,979 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in Charter Communications by 71.3% during the 2nd quarter. Holocene Advisors LP now owns 367,607 shares of the company’s stock worth $150,281,000 after buying an additional 152,960 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 0.4%

NASDAQ CHTR opened at $239.09 on Friday. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The business’s fifty day simple moving average is $208.30 and its 200-day simple moving average is $233.80. The firm has a market cap of $30.28 billion, a PE ratio of 6.59, a P/E/G ratio of 0.38 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the company posted $10.10 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of research analyst reports. BNP Paribas Exane set a $160.00 price target on Charter Communications in a research note on Tuesday, January 27th. New Street Research decreased their price objective on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Citigroup reduced their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, KeyCorp restated a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Reduce” and an average target price of $335.67.

Charter Communications Profile

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.