Virtu Financial LLC lowered its stake in Charter Communications Inc (NASDAQ:CHTR) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,112 shares of the company’s stock after selling 1,223 shares during the quarter. Virtu Financial LLC’s holdings in Charter Communications were worth $689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in shares of Charter Communications by 76.3% during the 2nd quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock valued at $156,000 after acquiring an additional 235 shares during the period. Dupont Capital Management Corp lifted its position in shares of Charter Communications by 58.4% during the 2nd quarter. Dupont Capital Management Corp now owns 2,419 shares of the company’s stock valued at $709,000 after acquiring an additional 892 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Charter Communications by 54.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,420 shares of the company’s stock valued at $3,935,000 after acquiring an additional 4,750 shares during the period. First Trust Advisors LP lifted its position in shares of Charter Communications by 30.4% during the 2nd quarter. First Trust Advisors LP now owns 57,741 shares of the company’s stock valued at $16,930,000 after acquiring an additional 13,461 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Charter Communications by 8.3% during the 2nd quarter. Victory Capital Management Inc. now owns 10,409 shares of the company’s stock valued at $3,052,000 after acquiring an additional 800 shares during the period. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

CHTR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and set a $360.00 price target for the company in a research report on Monday, October 22nd. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Buckingham Research cut their price objective on Charter Communications from $418.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, October 29th. UBS Group cut their price objective on Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, SunTrust Banks cut their price objective on Charter Communications from $390.00 to $365.00 and set a “buy” rating for the company in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Charter Communications has a consensus rating of “Buy” and an average target price of $360.13.

Shares of Charter Communications stock opened at $326.78 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.23. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $396.64. The company has a market cap of $73.67 billion, a P/E ratio of 123.31, a P/E/G ratio of 1.52 and a beta of 1.16.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $1.06. The firm had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. Charter Communications’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. On average, analysts forecast that Charter Communications Inc will post 5.58 EPS for the current fiscal year.

In other Charter Communications news, insider John Bickham sold 144,672 shares of Charter Communications stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by insiders.

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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, spectrum guide services, and a package of basic video programming, 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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