Alliancebernstein L.P. Has $59.26 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Alliancebernstein L.P. lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,876 shares of the company's stock after selling 18,309 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of Charter Communications worth $59,257,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CHTR. Avior Wealth Management LLC lifted its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications in the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. increased its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications in the 4th quarter valued at approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Down 4.0 %

CHTR stock traded down $13.90 during mid-day trading on Thursday, reaching $333.09. 332,047 shares of the stock traded hands, compared to its average volume of 1,239,920. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The stock's fifty day moving average is $358.48 and its 200-day moving average is $357.48. The company has a market cap of $47.28 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

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Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company posted $7.07 EPS. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research reports. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Benchmark reaffirmed a "buy" rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 price target for the company. Finally, BNP Paribas reissued an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average target price of $389.06.

Charter Communications 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.