Charter Communications, Inc. (NASDAQ:CHTR) Position Trimmed by Fmr LLC

FMR LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 782,005 shares of the company's stock after selling 282,943 shares during the quarter. FMR LLC owned approximately 0.55% of Charter Communications worth $268,048,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at $1,032,236,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the period. Franklin Resources Inc. grew its stake in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the period. Amundi lifted its stake in shares of Charter Communications by 62.0% during the 4th quarter. Amundi now owns 288,559 shares of the company's stock worth $100,799,000 after purchasing an additional 110,410 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Charter Communications in the fourth quarter valued at $33,485,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CHTR shares. Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a research note on Monday. Royal Bank of Canada upped their price target 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. BNP Paribas restated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Finally, Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 target price on the stock. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $387.88.

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Charter Communications Stock Up 0.8 %

CHTR traded up $2.78 during trading on Tuesday, hitting $343.18. The company had a trading volume of 1,041,655 shares, compared to its average volume of 1,244,846. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. 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 company has a market cap of $48.71 billion, a PE ratio of 9.82, a P/E/G ratio of 0.44 and a beta of 1.13. The business has a 50-day moving average of $358.15 and a 200-day moving average of $358.09.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $7.07 EPS. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.