Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 80.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,833 shares of the company's stock after selling 11,543 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Charter Communications were worth $971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. purchased a new position in Charter Communications in the fourth quarter worth $9,697,000. Atlas Capital Advisors Inc. grew its stake in shares of Charter Communications by 1,961.4% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,443 shares of the company's stock worth $495,000 after acquiring an additional 1,373 shares during the last quarter. Pitcairn Co. increased its holdings in shares of Charter Communications by 50.0% during the fourth quarter. Pitcairn Co. now owns 1,862 shares of the company's stock valued at $638,000 after acquiring an additional 621 shares in the last quarter. Long Path Partners LP purchased a new position in shares of Charter Communications in the 4th quarter valued at approximately $6,914,000. Finally, Ardmore Road Asset Management LP purchased a new position in shares of Charter Communications in the fourth quarter worth $17,138,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Charter Communications from a "buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Finally, Barclays increased their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has an average rating of "Hold" and an average target price of $389.06.

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Charter Communications Price Performance

Shares of Charter Communications stock traded down $2.16 on Friday, reaching $333.32. The company's stock had a trading volume of 326,385 shares, compared to its average volume of 1,240,754. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a market capitalization of $47.31 billion, a P/E ratio of 9.56, a PEG ratio of 0.44 and a beta of 1.13. 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 stock has a 50-day moving average price of $358.36 and a 200-day moving average price of $357.57.

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 for the quarter, topping 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 quarter in the previous year, the firm earned $7.07 earnings per share. Analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current 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.