Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 774 shares of the company's stock after selling 787 shares during the period. Aigen Investment Management LP's holdings in Charter Communications were worth $265,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CHTR. Proficio Capital Partners LLC bought a new position in Charter Communications in the 4th quarter worth about $33,485,000. Assetmark Inc. grew its stake in Charter Communications by 8.8% in the fourth quarter. Assetmark Inc. now owns 5,232 shares of the company's stock worth $1,793,000 after purchasing an additional 423 shares in the last quarter. Keybank National Association OH increased its holdings in Charter Communications by 2.6% during the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company's stock worth $477,000 after purchasing an additional 35 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Charter Communications by 35.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 981 shares of the company's stock valued at $337,000 after purchasing an additional 257 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after buying an additional 23,225 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

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Wall Street Analyst Weigh In

CHTR has been the subject of several recent research reports. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Benchmark reiterated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $384.42.

Charter Communications Stock Performance

Shares of CHTR traded down $5.68 during trading hours on Wednesday, reaching $350.19. 2,163,862 shares of the company traded hands, compared to its average volume of 1,182,040. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a fifty day moving average price of $355.67 and a 200-day moving average price of $354.89. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock has a market capitalization of $49.80 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 posted $7.07 EPS. Equities analysts anticipate 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.