Charter Communications, Inc. (NASDAQ:CHTR) Stake Lessened by Headlands Technologies LLC

Headlands Technologies LLC lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 76.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,109 shares of the company's stock after selling 10,032 shares during the quarter. Headlands Technologies LLC's holdings in Charter Communications were worth $1,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Avior Wealth Management LLC raised its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new stake in Charter Communications in the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. grew its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the fourth quarter worth $45,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Down 8.2 %

Charter Communications stock traded down $30.11 during trading on Friday, reaching $338.29. 1,834,015 shares of the company's stock were exchanged, compared to its average volume of 1,230,751. The company's 50-day moving average is $360.56 and its two-hundred day moving average is $357.63. 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, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The firm has a market cap of $48.02 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.44 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHTR. Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Barclays lifted their price target 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 reissued a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. StockNews.com cut shares of Charter Communications from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average price target of $393.18.

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.