Commerce Bank Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Commerce Bank decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,628 shares of the company’s stock after selling 430 shares during the quarter. Commerce Bank’s holdings in Charter Communications were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CHTR. Norges Bank acquired a new position in Charter Communications in the fourth quarter valued at $1,032,236,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after buying an additional 609,554 shares during the last quarter. LSV Asset Management boosted its holdings in Charter Communications by 8,343.1% in the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after acquiring an additional 175,205 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Finally, Amundi increased its position in Charter Communications by 62.0% during the 4th quarter. Amundi now owns 288,559 shares of the company’s stock worth $100,799,000 after purchasing an additional 110,410 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR opened at $322.43 on Tuesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a fifty day moving average of $356.67 and a 200-day moving average of $358.41. The company has a market cap of $45.77 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the business posted $7.07 earnings per share. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark reissued a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. StockNews.com lowered Charter Communications from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Wells Fargo & Company lowered their price objective on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Finally, Citigroup assumed coverage on shares of Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $387.88.

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.