Andra AP fonden Sells 534 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Andra AP fonden lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 64.0% in the second quarter, Holdings Channel reports. The fund owned 300 shares of the company’s stock after selling 534 shares during the quarter. Andra AP fonden’s holdings in Charter Communications were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CHTR. Bessemer Group Inc. lifted its stake in Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after purchasing an additional 3,080 shares during the last quarter. Sands Capital Management LLC lifted its stake in shares of Charter Communications by 5.7% in the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after acquiring an additional 17,112 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Charter Communications during the 2nd quarter valued at $7,171,000. Oakcliff Capital Partners LP grew its position in Charter Communications by 8.2% during the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock worth $14,954,000 after acquiring an additional 2,900 shares during the last quarter. Finally, FORA Capital LLC increased its holdings in Charter Communications by 45.8% in the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after purchasing an additional 6,519 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Charter Communications stock opened at $339.03 on Friday. The stock has a market capitalization of $48.83 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.61 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The stock’s 50 day moving average price is $340.23 and its two-hundred day moving average price is $300.17.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. During the same period in the prior year, the firm earned $8.05 earnings per share. Charter Communications’s revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock. TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research note on Wednesday. Finally, Bank of America lifted their target price on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $360.93.

About Charter Communications

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.