Connor Clark & Lunn Investment Management Ltd. Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 94.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,179 shares of the company's stock after selling 51,710 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Charter Communications were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chemistry Wealth Management LLC raised its holdings in shares of Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock valued at $226,000 after acquiring an additional 30 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after purchasing an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after purchasing an additional 34 shares during the period. Keybank National Association OH increased its holdings in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company's stock valued at $477,000 after buying an additional 35 shares during the period. Finally, Allworth Financial LP boosted its position in Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company's stock valued at $90,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

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Charter Communications Price Performance

CHTR traded up $3.69 during midday trading on Monday, hitting $367.50. 1,488,231 shares of the company traded hands, compared to its average volume of 1,195,901. The company has a market capitalization 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 business has a 50 day simple moving average of $356.74 and a two-hundred day simple moving average of $355.16. 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 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 data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 previous year, the business posted $7.07 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on 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, Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price target for the company. Four 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $389.39.

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.