Victory Capital Management Inc. Sells 3,497 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,087 shares of the company’s stock after selling 3,497 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Charter Communications worth $31,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Charter Communications by 50.8% during the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after purchasing an additional 3,080 shares during the last quarter. Cornerstone Capital Inc. lifted its position in shares of Charter Communications by 40.7% in the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after buying an additional 10,950 shares during the last quarter. National Pension Service boosted its stake in shares of Charter Communications by 8.1% during the 3rd quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after acquiring an additional 12,915 shares during the period. AustralianSuper Pty Ltd acquired a new position in shares of Charter Communications during the 2nd quarter worth approximately $7,171,000. Finally, Cetera Investment Advisers lifted its holdings in Charter Communications by 432.3% during the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after purchasing an additional 6,009 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $389.57 on Friday. The company has a 50 day moving average of $342.59 and a 200-day moving average of $320.79. The company has a market cap of $55.40 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $421.16.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter last year, the business posted $8.25 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CHTR shares. TD Cowen increased their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $379.06.

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.