Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,806,973 shares of the company's stock after selling 206,247 shares during the quarter. Charter Communications accounts for 3.3% of Pzena Investment Management LLC's portfolio, making the stock its 7th largest position. Pzena Investment Management LLC owned about 1.97% of Charter Communications worth $962,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CHTR. Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock worth $785,744,000 after acquiring an additional 13,430 shares during the last quarter. FMR LLC grew its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after acquiring an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after acquiring an additional 23,225 shares during the last quarter. Finally, First Pacific Advisors LP grew its stake in shares of Charter Communications by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company's stock worth $210,503,000 after acquiring an additional 3,490 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Citigroup assumed coverage on Charter Communications in a research report on Friday. They issued a "buy" rating and a $425.00 target price for the company. Finally, Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $388.37.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $6.10 during midday trading on Friday, reaching $351.50. The company's stock had a trading volume of 1,210,956 shares, compared to its average volume of 1,195,891. 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 $49.98 billion, a P/E 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 current ratio of 0.31 and a quick ratio of 0.31. The business's fifty day simple moving average is $355.73 and its 200-day simple moving average is $354.79.

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

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.