AustralianSuper Pty Ltd Sells 1,997 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

AustralianSuper Pty Ltd lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,830 shares of the company's stock after selling 1,997 shares during the quarter. AustralianSuper Pty Ltd's holdings in Charter Communications were worth $7,825,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock valued at $80,941,000 after purchasing an additional 247,789 shares during the last quarter. FMR LLC boosted its stake in shares of Charter Communications by 27.7% in the 3rd 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 during the last quarter. Fernbridge Capital Management LP bought a new position in shares of Charter Communications in the 3rd quarter valued at about $48,200,000. Franklin Resources Inc. boosted its stake 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 valued at $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at about $244,720,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Down 0.0 %

Shares of NASDAQ CHTR traded down $0.16 during midday trading on Wednesday, reaching $361.58. The company's stock had a trading volume of 1,040,752 shares, compared to its average volume of 1,139,096. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock has a market capitalization of $51.42 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.44 and a beta of 1.11. The stock has a 50 day simple moving average of $353.75 and a 200-day simple moving average of $353.54.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data 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 prior year, the firm earned $7.07 EPS. Equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Benchmark reissued a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $384.42.

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.