Empirical Finance LLC Sells 57 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Empirical Finance LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,643 shares of the company’s stock after selling 57 shares during the quarter. Empirical Finance LLC’s holdings in Charter Communications were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CHTR. Chemistry Wealth Management LLC increased its holdings in Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after purchasing an additional 30 shares in the last quarter. US Bancorp DE grew its holdings in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after purchasing an additional 31 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHTR shares. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Morgan Stanley increased their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Pivotal Research upped their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $347.84 on Monday. The stock has a market capitalization of $49.46 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a 50 day moving average price of $358.81 and a 200 day moving average price of $353.82. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its 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 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 EPS. Analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.