Charter Communications, Inc. $CHTR Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 63.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,256 shares of the company’s stock after selling 35,409 shares during the quarter. Voya Investment Management LLC’s holdings in Charter Communications were worth $5,573,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Whalen Wealth Management Inc. grew its position in shares of Charter Communications by 57.5% during the 3rd quarter. Whalen Wealth Management Inc. now owns 1,783 shares of the company’s stock valued at $490,000 after buying an additional 651 shares during the last quarter. Czech National Bank grew its holdings in shares of Charter Communications by 1.1% during the third quarter. Czech National Bank now owns 23,591 shares of the company’s stock valued at $6,490,000 after purchasing an additional 261 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Charter Communications by 36.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 42,218 shares of the company’s stock worth $11,614,000 after purchasing an additional 11,336 shares during the period. Sanders Morris Harris LLC bought a new stake in shares of Charter Communications in the 3rd quarter worth approximately $334,000. Finally, Central Pacific Bank Trust Division boosted its position in Charter Communications by 4.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 4,475 shares of the company’s stock valued at $1,231,000 after purchasing an additional 175 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the sale, the director directly owned 10,146 shares in the company, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHTR shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $280.00 target price (down from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Benchmark cut their price objective on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group reduced their target price on shares of Charter Communications from $215.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $321.13.

Charter Communications Stock Up 1.3%

CHTR stock opened at $208.01 on Thursday. The firm’s 50-day moving average is $215.77 and its two-hundred day moving average is $280.12. The company has a market capitalization of $26.92 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. Charter Communications, Inc. has a 52 week low of $193.00 and a 52 week high of $437.06. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $8.82 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.