Blueshift Asset Management LLC reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 71.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,540 shares of the company's stock after selling 8,949 shares during the period. Blueshift Asset Management LLC's holdings in Charter Communications were worth $1,213,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CHTR. Avior Wealth Management LLC lifted its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the 4th quarter valued at about $36,000. Wingate Wealth Advisors Inc. bought a new stake in Charter Communications in the 4th quarter valued at about $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Charter Communications during the 4th quarter worth approximately $55,000. 81.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CHTR shares. Citigroup initiated coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 target price on the stock. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Finally, StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $389.39.
Check Out Our Latest Analysis on CHTR
Charter Communications Stock Performance
Shares of CHTR traded up $3.69 during trading hours on Monday, hitting $367.50. The company's stock had a trading volume of 1,488,231 shares, compared to its average volume of 1,195,901. The company has a market cap of $52.26 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $357.33 and a two-hundred day simple moving average of $355.42. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the company earned $7.07 earnings per share. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Charter Communications Company Profile
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Free Report)
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.
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