CX Institutional Lowers Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

CX Institutional trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,008 shares of the company’s stock after selling 64 shares during the quarter. CX Institutional’s holdings in Charter Communications were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC raised its stake in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after purchasing an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP raised its stake in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after purchasing an additional 39,334 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHTR. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. 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. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and an average target price of $383.89.

Charter Communications Stock Up 2.1 %

Shares of Charter Communications stock opened at $367.58 on Monday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The stock has a market capitalization of $52.27 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.46 and a beta of 1.10. The company’s 50 day moving average price is $366.41 and its 200-day moving average price is $351.47.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results 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 business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.25 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 34.62 EPS for the current year.

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.