Eos Management L.P. Sells 1,200 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Eos Management L.P. decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,400 shares of the company’s stock after selling 1,200 shares during the period. Eos Management L.P.’s holdings in Charter Communications were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. AQR Capital Management LLC raised its position in shares of Charter Communications by 9.7% during 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 last quarter. River Road Asset Management LLC bought a new stake in Charter Communications in the third quarter valued at about $29,948,000. Graham Capital Management L.P. lifted its stake in Charter Communications by 354.7% in the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after buying an additional 11,805 shares during the period. DigitalBridge Group Inc. acquired a new position in shares of Charter Communications during the 3rd quarter worth about $16,411,000. Finally, Kinetic Partners Management LP increased its stake in shares of Charter Communications by 51.3% in the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock valued at $78,200,000 after acquiring an additional 60,300 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Pivotal Research lowered their price target on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, February 5th. Finally, Rosenblatt Securities cut their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $380.80.

Charter Communications Stock Down 1.7 %

Charter Communications stock traded down $4.49 during mid-day trading on Friday, reaching $254.61. The company’s stock had a trading volume of 2,599,669 shares, compared to its average volume of 1,598,177. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $458.30. The business’s 50 day simple moving average is $281.16 and its 200 day simple moving average is $348.14. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the previous year, the business earned $6.65 EPS. Charter Communications’s revenue was up .2% on a year-over-year basis. As a group, research analysts anticipate that Charter Communications, Inc. will post 32.8 earnings per share for the current year.

Charter Communications Profile

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.