Eos Management L.P. Sells 1,200 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Eos Management L.P. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 46.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the company’s stock after selling 1,200 shares during the period. Eos Management L.P.’s holdings in Charter Communications were worth $544,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Charter Communications by 9.7% in the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after buying an additional 1,311 shares during the period. River Road Asset Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $29,948,000. Graham Capital Management L.P. increased its stake in shares of Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after acquiring an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. acquired a new position in shares of Charter Communications during the 3rd quarter valued at $16,411,000. Finally, Kinetic Partners Management LP lifted its position in shares of Charter Communications by 51.3% during the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock valued at $78,200,000 after acquiring an additional 60,300 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Down 1.7 %

Shares of CHTR stock traded down $4.49 during trading hours on Friday, reaching $254.61. The company had a trading volume of 2,599,669 shares, compared to its average volume of 1,598,177. The company has a market cap of $36.98 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The business has a fifty day simple moving average of $281.16 and a 200-day simple moving average of $348.14.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The company had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $6.65 earnings per share. On average, research analysts expect that Charter Communications, Inc. will post 32.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research reports. UBS Group reduced their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Wells Fargo & Company reduced their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Bank of America dropped their price target on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Finally, Benchmark decreased their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $380.80.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.