Fortis Capital Management LLC Sells 1,127 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Fortis Capital Management LLC lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,950 shares of the company's stock after selling 1,127 shares during the quarter. Fortis Capital Management LLC's holdings in Charter Communications were worth $4,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after purchasing an additional 13,430 shares during the last quarter. FMR LLC boosted its position in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after purchasing an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock worth $290,642,000 after purchasing an additional 23,225 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in Charter Communications by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company's stock worth $210,503,000 after buying an additional 3,490 shares during the period. 81.76% of the stock is currently owned by institutional investors.

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Charter Communications Stock Up 2.6 %

NASDAQ CHTR traded up $9.76 during trading on Wednesday, reaching $384.77. The company's stock had a trading volume of 1,371,619 shares, compared to its average volume of 1,195,035. The business has a 50-day moving average price of $358.64 and a 200-day moving average price of $355.96. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The stock has a market capitalization of $54.71 billion, a PE ratio of 11.01, a PEG ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 period last year, the firm posted $7.07 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on CHTR shares. Barclays raised 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. StockNews.com cut shares of Charter Communications from a "buy" rating to a "hold" rating in a research report on Wednesday. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Finally, BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $389.39.

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.