Catalyst Capital Advisors LLC Sells 874 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Catalyst Capital Advisors LLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 88.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110 shares of the company's stock after selling 874 shares during the period. Catalyst Capital Advisors LLC's holdings in Charter Communications were worth $38,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lind Value II ApS bought a new stake in shares of Charter Communications in the 4th quarter valued at $9,743,000. Oddo BHF Asset Management Sas bought a new stake in Charter Communications during the third quarter valued at $1,345,000. Worldquant Millennium Advisors LLC boosted its position in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock valued at $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Caprock Group LLC boosted its position in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

CHTR traded down $1.97 during trading hours on Friday, hitting $361.04. The stock had a trading volume of 614,200 shares, compared to its average volume of 1,112,568. The stock has a market cap of $51.34 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. 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 company's fifty day simple moving average is $352.53 and its 200 day simple moving average is $353.62.

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 (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 period last year, the company earned $7.07 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their price target on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Pivotal Research increased their target price 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. Royal Bank of Canada increased their target price 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. Finally, BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $384.42.

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.