Empowered Funds LLC Sells 15,124 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Empowered Funds LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 51.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,028 shares of the company's stock after selling 15,124 shares during the quarter. Empowered Funds LLC's holdings in Charter Communications were worth $4,546,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Empirical Finance LLC lifted its stake in Charter Communications by 1.6% in the 3rd quarter. Empirical Finance LLC now owns 3,700 shares of the company's stock worth $1,199,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Charter Communications by 4.5% during the third quarter. CIBC Asset Management Inc now owns 39,025 shares of the company's stock worth $12,647,000 after purchasing an additional 1,693 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in Charter Communications by 9.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,632 shares of the company's stock valued at $853,000 after purchasing an additional 229 shares in the last quarter. Metis Global Partners LLC increased its stake in Charter Communications by 4.2% in the 3rd quarter. Metis Global Partners LLC now owns 4,317 shares of the company's stock valued at $1,399,000 after buying an additional 175 shares during the period. Finally, KBC Group NV lifted its position in Charter Communications by 1.4% in the 3rd quarter. KBC Group NV now owns 12,803 shares of the company's stock worth $4,149,000 after buying an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several research analyst reports. Raymond James cut shares of Charter Communications from a "market perform" rating to an "underperform" rating in a report on Monday, July 29th. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Wells Fargo & Company lifted their price target on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Wolfe Research downgraded Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Finally, Pivotal Research lifted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of "Hold" and an average price target of $379.06.

Charter Communications Stock Performance

CHTR traded down $4.55 during trading on Monday, reaching $385.02. 859,816 shares of the company's stock were exchanged, compared to its average volume of 1,391,594. The company has a market capitalization of $54.75 billion, a P/E ratio of 12.20, a PEG ratio of 0.62 and a beta of 1.03. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The business has a 50 day moving average price of $342.59 and a 200 day moving average price of $321.67. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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 net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 earnings per share. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts predict that Charter Communications, Inc. will post 32.87 earnings per share 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.