Vanguard Personalized Indexing Management LLC Sells 3,482 Shares of Charter Communications, Inc. $CHTR

Vanguard Personalized Indexing Management LLC reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 23.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,209 shares of the company’s stock after selling 3,482 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Charter Communications were worth $3,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Estate Counselors LLC bought a new position in Charter Communications in the third quarter worth about $3,850,000. LBP AM SA purchased a new position in shares of Charter Communications in the 3rd quarter worth approximately $550,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Charter Communications by 17.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 381 shares of the company’s stock worth $107,000 after acquiring an additional 57 shares in the last quarter. BAM Wealth Management LLC purchased a new stake in Charter Communications during the third quarter valued at approximately $305,000. Finally, PFG Investments LLC boosted its stake in Charter Communications by 45.9% in the third quarter. PFG Investments LLC now owns 2,827 shares of the company’s stock valued at $778,000 after acquiring an additional 890 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the sale, the director owned 10,146 shares in the company, valued at $2,294,822.28. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Charter Communications Stock Up 4.8%

Shares of CHTR stock opened at $191.52 on Friday. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06. The firm has a market capitalization of $24.78 billion, a PE ratio of 5.31, a P/E/G ratio of 0.51 and a beta of 1.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50-day simple moving average is $202.00 and its 200-day simple moving average is $245.12.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the prior year, the company earned $8.82 EPS. Charter Communications’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHTR. Citigroup reduced their price target on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Benchmark reaffirmed a “buy” rating on shares of Charter Communications in a research report on Thursday. UBS Group set a $425.00 price target on Charter Communications in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $323.67.

Charter Communications Company 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.