Raymond James Financial Services Advisors Inc. lowered its position in Charter Communications Inc (NASDAQ:CHTR) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,585 shares of the company’s stock after selling 501 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Charter Communications were worth $1,591,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of CHTR. We Are One Seven LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth approximately $26,000. Whitener Capital Management Inc. acquired a new position in Charter Communications in the 4th quarter valued at $29,000. Hanson McClain Inc. increased its stake in Charter Communications by 157.8% in the 4th quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after buying an additional 71 shares during the period. Parkside Financial Bank & Trust increased its stake in Charter Communications by 47.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 142 shares of the company’s stock valued at $41,000 after buying an additional 46 shares during the period. Finally, Sontag Advisory LLC acquired a new position in Charter Communications in the 4th quarter valued at $46,000. Institutional investors own 71.92% of the company’s stock.
Shares of CHTR opened at $395.41 on Tuesday. The firm has a market cap of $88.03 billion, a PE ratio of 75.75, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29. Charter Communications Inc has a one year low of $271.56 and a one year high of $396.89. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62.
Several brokerages have issued reports on CHTR. UBS Group boosted their price objective on shares of Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Macquarie cut shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 9th. They noted that the move was a valuation call. Royal Bank of Canada cut shares of Charter Communications from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $400.00 to $375.00 in a research note on Friday, March 29th. BidaskClub raised shares of Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, ValuEngine raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $370.27.
In related news, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the transaction, the director now directly owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by company insiders.
Charter Communications Company 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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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