Voyager Global Management LP Sells 30,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Voyager Global Management LP cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 720,000 shares of the company's stock after selling 30,000 shares during the period. Charter Communications makes up approximately 10.1% of Voyager Global Management LP's investment portfolio, making the stock its 5th largest holding. Voyager Global Management LP owned 0.51% of Charter Communications worth $233,338,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Reston Wealth Management LLC bought a new position in Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust boosted its position in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares during the last quarter. CVA Family Office LLC grew its stake in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR traded down $1.08 during mid-day trading on Friday, hitting $403.06. 825,662 shares of the company's stock were exchanged, compared to its average volume of 1,162,804. 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 firm has a market cap of $57.32 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The stock's 50-day simple moving average is $359.69 and its 200-day simple moving average is $332.66. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.25 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Benchmark raised their price target on Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Morgan Stanley raised their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and a consensus price target of $378.00.

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.