Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,829 shares of the company's stock after selling 1,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Charter Communications were worth $5,083,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Chemistry Wealth Management LLC increased its stake in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock valued at $226,000 after buying an additional 30 shares during the period. US Bancorp DE increased its stake in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock valued at $2,388,000 after buying an additional 31 shares during the period. Allworth Financial LP increased its stake in shares of Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company's stock valued at $90,000 after buying an additional 36 shares during the period. Brooklyn Investment Group grew its stake in Charter Communications by 5.8% in the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company's stock valued at $230,000 after purchasing an additional 37 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

NASDAQ CHTR traded up $4.53 during trading hours on Friday, reaching $363.57. The stock had a trading volume of 1,386,004 shares, compared to its average volume of 1,111,144. The stock has a fifty day moving average of $352.29 and a 200 day moving average of $353.72. The stock has a market cap of $51.70 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS 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 company earned $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $384.42.

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.