Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,791 shares of the company’s stock after selling 1,905 shares during the quarter. Charter Communications comprises 1.0% of Amica Mutual Insurance Co.’s portfolio, making the stock its 26th largest position. Amica Mutual Insurance Co.’s holdings in Charter Communications were worth $8,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Catalyst Capital Advisors LLC boosted its stake in Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after buying an additional 28 shares during the period. PDS Planning Inc grew its holdings in Charter Communications by 3.4% in the 3rd quarter. PDS Planning Inc now owns 870 shares of the company’s stock worth $383,000 after buying an additional 29 shares in the last quarter. Aspiriant LLC increased its position in Charter Communications by 2.3% in the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after acquiring an additional 35 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in Charter Communications by 2.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 1,744 shares of the company’s stock worth $767,000 after acquiring an additional 37 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a report on Monday. Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a report on Tuesday, April 2nd. Benchmark dropped their target price on 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 cut their target price on Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Pivotal Research dropped their price objective on Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $356.47.

Charter Communications Trading Up 2.0 %

Shares of Charter Communications stock traded up $5.15 during trading on Monday, hitting $259.76. The stock had a trading volume of 1,206,732 shares, compared to its average volume of 1,593,409. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $458.30. The stock has a 50 day simple moving average of $280.49 and a 200 day simple moving average of $345.42. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The company has a market capitalization of $37.72 billion, a PE ratio of 8.40, a P/E/G ratio of 0.45 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last posted 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). The firm had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.65 earnings per share. On average, research analysts expect that Charter Communications, Inc. will post 31.89 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.