16,577 Shares in Charter Communications, Inc. $CHTR Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, HoldingsChannel reports. The fund purchased 16,577 shares of the company’s stock, valued at approximately $2,007,000.

Other hedge funds have also recently modified their holdings of the company. Polianta Ltd bought a new position in Charter Communications during the second quarter valued at $1,777,000. California First Leasing Corp raised its position in Charter Communications by 100.1% during the first quarter. California First Leasing Corp now owns 24,772 shares of the company’s stock valued at $5,348,000 after purchasing an additional 12,390 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Charter Communications by 30.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 52,497 shares of the company’s stock valued at $11,333,000 after purchasing an additional 12,249 shares during the last quarter. Quantinno Capital Management LP increased its position in Charter Communications by 54.3% during the first quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock valued at $9,893,000 after acquiring an additional 16,118 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Charter Communications in the second quarter valued at $3,637,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $150.00 target price on shares of Charter Communications in a report on Monday, July 27th. Morgan Stanley dropped their price target on shares of Charter Communications from $150.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, September 25th. Citigroup cut their price target on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $202.53.

Charter Communications Trading Down 1.7%

Charter Communications stock traded down $1.81 during trading hours on Wednesday, hitting $105.14. The company had a trading volume of 2,269,829 shares, compared to its average volume of 2,805,119. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $12.54 billion, a P/E ratio of 2.73, a P/E/G ratio of 0.22 and a beta of 0.70. The company has a 50-day moving average price of $135.73 and a two-hundred day moving average price of $151.70. Charter Communications, Inc. has a 1 year low of $101.63 and a 1 year high of $268.47.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same period last year, the company posted $9.18 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 42.92 earnings per share for the current year.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.