Capital World Investors Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Capital World Investors decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131,834 shares of the company's stock after selling 9,046 shares during the period. Capital World Investors owned about 0.80% of Charter Communications worth $387,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after purchasing an additional 161,547 shares during the period. Epoch Investment Partners Inc. acquired a new stake in Charter Communications in the 4th quarter worth about $806,000. Forum Financial Management LP boosted its holdings in Charter Communications by 13.3% in the 4th quarter. Forum Financial Management LP now owns 1,235 shares of the company's stock worth $423,000 after buying an additional 145 shares during the last quarter. Capital International Sarl raised its holdings in shares of Charter Communications by 6.3% during the fourth quarter. Capital International Sarl now owns 17,356 shares of the company's stock valued at $5,949,000 after acquiring an additional 1,027 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Charter Communications by 4.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 91,293 shares of the company's stock valued at $31,279,000 after acquiring an additional 3,646 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Down 0.6 %

Shares of NASDAQ:CHTR traded down $2.18 during trading on Thursday, hitting $335.33. The company's stock had a trading volume of 2,171,280 shares, compared to its average volume of 1,251,973. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market capitalization of $47.60 billion, a PE ratio of 9.59, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average price of $355.62 and a two-hundred day moving average price of $358.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 quarter last year, the business earned $7.07 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CHTR. Wells Fargo & Company lowered their target price on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Barclays increased 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. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. BNP Paribas reissued an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Citigroup initiated coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price objective for the company. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $387.88.

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.