Headlands Technologies LLC Sells 10,032 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Headlands Technologies LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 76.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,109 shares of the company’s stock after selling 10,032 shares during the period. Headlands Technologies LLC’s holdings in Charter Communications were worth $1,066,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Townsquare Capital LLC lifted its stake in Charter Communications by 16.8% in the third quarter. Townsquare Capital LLC now owns 1,721 shares of the company’s stock worth $558,000 after acquiring an additional 248 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Charter Communications by 9.3% during the third quarter. Public Sector Pension Investment Board now owns 4,710 shares of the company’s stock valued at $1,526,000 after buying an additional 400 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Charter Communications by 7.3% during the third quarter. Captrust Financial Advisors now owns 1,240 shares of the company’s stock valued at $402,000 after purchasing an additional 84 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Charter Communications by 279.3% during the 3rd quarter. HighTower Advisors LLC now owns 24,109 shares of the company’s stock valued at $7,809,000 after buying an additional 37,554 shares during the period. Finally, Investment Management Corp of Ontario boosted its position in Charter Communications by 46.6% in the third quarter. Investment Management Corp of Ontario now owns 3,145 shares of the company’s stock worth $1,019,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CHTR. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price on the stock. Four 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $393.18.

Charter Communications Price Performance

Charter Communications stock opened at $370.91 on Wednesday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a market capitalization of $52.74 billion, a PE ratio of 10.61, a P/E/G ratio of 0.44 and a beta of 1.13. The firm’s 50-day simple moving average is $360.45 and its 200 day simple moving average is $357.31. 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 (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $7.07 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS 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.