Banco Santander S.A. trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 54.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 708 shares of the company's stock after selling 842 shares during the quarter. Banco Santander S.A.'s holdings in Charter Communications were worth $243,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Charter Communications by 4.9% during 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 period. Geode Capital Management LLC grew its stake in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after acquiring an additional 13,430 shares during the period. FMR LLC grew its stake in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock valued at $290,642,000 after acquiring an additional 23,225 shares during the period. Finally, Cryder Capital Partners LLP grew its stake in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after acquiring an additional 39,334 shares during the period. 81.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on CHTR. Benchmark reissued a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Finally, 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 report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $388.37.
Check Out Our Latest Stock Analysis on Charter Communications
Charter Communications Trading Up 1.8 %
Charter Communications stock traded up $6.10 during mid-day trading on Friday, hitting $351.50. The company's stock had a trading volume of 1,210,956 shares, compared to its average volume of 1,195,891. The company has a 50 day moving average of $355.73 and a 200-day moving average of $354.79. The stock has a market cap of $49.98 billion, a PE ratio of 10.05, 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. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $7.07 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.
Charter Communications Profile
(
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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