Grantham Mayo Van Otterloo & Co. LLC Has $1.26 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Grantham Mayo Van Otterloo & Co. LLC cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,662 shares of the company's stock after selling 2,726 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Charter Communications were worth $1,255,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lind Value II ApS bought a new stake in Charter Communications during the fourth quarter worth approximately $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Charter Communications during the 3rd quarter valued at $1,345,000. Caprock Group LLC boosted its stake in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after acquiring an additional 999 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Charter Communications during the third quarter worth $2,402,000. Institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. 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. Benchmark restated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. StockNews.com lowered shares of Charter Communications from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, BNP Paribas reiterated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $389.06.

Remove Ads

Charter Communications Stock Down 0.3 %

Shares of CHTR traded down $1.09 during midday trading on Friday, reaching $334.38. 1,288,356 shares of the stock were exchanged, compared to its average volume of 1,245,631. The company has a market cap of $47.46 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a 50 day simple moving average of $358.24 and a 200-day simple moving average of $357.99.

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 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 firm earned $7.07 EPS. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.