Empowered Funds LLC Reduces Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Empowered Funds LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 51.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,814 shares of the company's stock after selling 7,214 shares during the period. Empowered Funds LLC's holdings in Charter Communications were worth $2,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. CWM LLC grew its stake in shares of Charter Communications by 8.8% in the 3rd quarter. CWM LLC now owns 1,751 shares of the company's stock worth $567,000 after buying an additional 141 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Charter Communications in the 3rd quarter worth approximately $577,000. Creative Planning grew its stake in shares of Charter Communications by 1.5% in the 3rd quarter. Creative Planning now owns 10,981 shares of the company's stock worth $3,559,000 after buying an additional 161 shares during the last quarter. Swedbank AB grew its stake in shares of Charter Communications by 8.7% in the 3rd quarter. Swedbank AB now owns 41,367 shares of the company's stock worth $13,406,000 after buying an additional 3,298 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Charter Communications by 16.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,966 shares of the company's stock worth $1,609,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the topic of several recent analyst reports. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and raised their price target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Royal Bank of Canada raised 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. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of Charter Communications stock traded up $1.29 during trading on Tuesday, reaching $361.56. 189,284 shares of the stock traded hands, compared to its average volume of 1,128,197. The company has a market capitalization of $51.41 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.43 and a beta of 1.11. The business has a fifty day simple moving average of $354.08 and a two-hundred day simple moving average of $353.62. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. 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 issued its quarterly earnings data 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 quarter last year, the business earned $7.07 earnings per share. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Company 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.