Russell Investments Group Ltd. Cuts Position in Charter Communications Inc (CHTR)

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Russell Investments Group Ltd. reduced its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 85.2% in the 2nd quarter, Holdings Channel reports. The firm owned 30,116 shares of the company’s stock after selling 174,034 shares during the quarter. Russell Investments Group Ltd.’s holdings in Charter Communications were worth $8,845,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CHTR. Assetmark Inc. raised its position in shares of Charter Communications by 166.7% during the 1st quarter. Assetmark Inc. now owns 360 shares of the company’s stock worth $112,000 after purchasing an additional 225 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of Charter Communications during the 1st quarter worth approximately $117,000. Kaizen Advisory LLC raised its position in shares of Charter Communications by 122.7% during the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after purchasing an additional 238 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of Charter Communications during the 1st quarter worth approximately $140,000. Finally, Advisory Services Network LLC raised 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 worth $156,000 after purchasing an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 71.12% of the company’s stock.

Several brokerages recently issued reports on CHTR. ValuEngine downgraded Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Buckingham Research boosted their price target on Charter Communications from $397.00 to $418.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Goldman Sachs Group upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $315.00 to $361.00 in a report on Thursday, June 21st. Finally, Citigroup cut their price target on Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Charter Communications has an average rating of “Hold” and an average price target of $368.93.

Shares of CHTR opened at $305.19 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $71.14 billion, a price-to-earnings ratio of 115.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. Charter Communications Inc has a fifty-two week low of $250.10 and a fifty-two week high of $397.39.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.20. The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.83 billion. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. Charter Communications’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. analysts forecast that Charter Communications Inc will post 4.43 EPS for the current year.

In other news, EVP Richard R. Dykhouse sold 2,101 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

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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