Ameritas Investment Partners Inc. Cuts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Ameritas Investment Partners Inc. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,278 shares of the company’s stock after selling 131 shares during the period. Ameritas Investment Partners Inc.’s holdings in Charter Communications were worth $1,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Charter Communications in the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Charter Communications during the fourth quarter worth approximately $44,000. Cullen Frost Bankers Inc. raised its position in Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Bourgeon Capital Management LLC lifted its stake in shares of Charter Communications by 219.5% in the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock valued at $51,000 after purchasing an additional 90 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Charter Communications in the 1st quarter valued at approximately $40,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Down 2.4 %

NASDAQ CHTR traded down $7.73 during trading on Wednesday, reaching $312.31. 828,440 shares of the company’s stock traded hands, compared to its average volume of 1,439,613. The company’s 50 day simple moving average is $289.43 and its two-hundred day simple moving average is $295.97. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The firm has a market cap of $44.98 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 earnings per share. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 31.9 EPS for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of several recent research reports. Citigroup lowered Charter Communications from a “neutral” rating to a “sell” rating and decreased their price target for the company from $280.00 to $255.00 in a report on Wednesday, July 3rd. Loop Capital reduced their target price on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. UBS Group dropped their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. reduced their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective for the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $331.80.

Charter Communications Company 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.