Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Shelton Capital Management

Shelton Capital Management decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,592 shares of the company’s stock after selling 653 shares during the period. Shelton Capital Management’s holdings in Charter Communications were worth $6,030,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its holdings in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after buying an additional 30 shares during the period. Quadrant Capital Group LLC boosted its stake in Charter Communications by 4.2% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock valued at $254,000 after buying an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after acquiring an additional 34 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup began coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target for the company. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $393.18.

Charter Communications Trading Down 3.4 %

Shares of NASDAQ:CHTR opened at $321.68 on Wednesday. The firm has a fifty day moving average of $358.25 and a two-hundred day moving average of $357.45. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a market capitalization of $45.66 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the business posted $7.07 earnings per share. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.