First Trust Advisors LP Decreases Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

First Trust Advisors LP lessened its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,550 shares of the company's stock after selling 2,257 shares during the quarter. First Trust Advisors LP owned about 0.07% of Charter Communications worth $33,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Norges Bank purchased a new stake in Charter Communications in the 4th quarter valued at $1,032,236,000. Geode Capital Management LLC increased its stake in shares of Charter Communications by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after acquiring an additional 45,045 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after acquiring an additional 609,554 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock valued at $290,642,000 after acquiring an additional 23,225 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CHTR shares. Barclays lifted their target price 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. BNP Paribas reiterated an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Benchmark restated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $399.35.

Charter Communications Stock Up 2.4 %

NASDAQ CHTR traded up $8.93 during trading hours on Tuesday, hitting $385.80. 771,042 shares of the company were exchanged, compared to its average volume of 1,250,254. 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 firm has a market cap of $54.76 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.44 and a beta of 1.13. The company has a 50 day moving average of $355.67 and a two-hundred day moving average of $359.20. Charter Communications, Inc. has a 52-week low of $252.93 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the previous year, the company posted $7.55 earnings per share. The firm's quarterly revenue was up .4% on a year-over-year basis. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.