Verdence Capital Advisors LLC Sells 718 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Verdence Capital Advisors LLC cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 996 shares of the company’s stock after selling 718 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Charter Communications were worth $387,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Charter Communications by 9.7% in the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after acquiring an additional 1,311 shares during the period. River Road Asset Management LLC bought a new stake in Charter Communications during the 3rd quarter valued at $29,948,000. Graham Capital Management L.P. lifted its position in shares of Charter Communications by 354.7% during the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after acquiring an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. bought a new position in shares of Charter Communications in the third quarter worth $16,411,000. Finally, Kinetic Partners Management LP grew its position in shares of Charter Communications by 51.3% in the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock valued at $78,200,000 after purchasing an additional 60,300 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays dropped their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. cut their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Benchmark decreased their target price on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Bank of America reduced their price target on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Stock Down 0.0 %

Shares of NASDAQ CHTR opened at $265.08 on Tuesday. The stock has a market capitalization of $38.50 billion, a P/E ratio of 8.83, a PEG ratio of 0.46 and a beta of 0.96. The firm’s 50 day simple moving average is $283.60 and its two-hundred day simple moving average is $351.83. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. 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 (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. Charter Communications’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $7.69 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 32.38 EPS for the current fiscal year.

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.