Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 57.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,525 shares of the company's stock after selling 7,381 shares during the period. ExodusPoint Capital Management LP's holdings in Charter Communications were worth $1,894,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CHTR. Captrust Financial Advisors boosted its stake in shares of Charter Communications by 7.3% in the third quarter. Captrust Financial Advisors now owns 1,240 shares of the company's stock worth $402,000 after acquiring an additional 84 shares during the period. IHT Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter worth approximately $348,000. Kovitz Investment Group Partners LLC raised its position in shares of Charter Communications by 167.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,769 shares of the company's stock valued at $897,000 after buying an additional 1,733 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in Charter Communications by 13.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,250 shares of the company's stock valued at $405,000 after acquiring an additional 150 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Charter Communications by 71.0% during the 3rd quarter. National Bank of Canada FI now owns 68,739 shares of the company's stock valued at $22,277,000 after acquiring an additional 28,536 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Remove Ads

Charter Communications Stock Performance

Charter Communications stock traded up $5.77 during midday trading on Monday, hitting $340.15. 139,421 shares of the company were exchanged, compared to its average volume of 1,241,493. The business has a fifty day simple moving average of $358.24 and a two-hundred day simple moving average of $357.99. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $48.28 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $7.07 earnings per share. On average, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHTR. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. StockNews.com cut shares of Charter Communications from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company lowered their target price on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Charter Communications has a consensus rating of "Hold" and an average price target of $387.88.

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.