Invesco Ltd. lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,714,183 shares of the company's stock after selling 76,758 shares during the period. Invesco Ltd. owned about 1.21% of Charter Communications worth $587,571,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of Charter Communications by 7.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,240 shares of the company's stock valued at $402,000 after acquiring an additional 84 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Charter Communications by 279.3% in the third quarter. HighTower Advisors LLC now owns 24,109 shares of the company's stock valued at $7,809,000 after purchasing an additional 37,554 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter worth $348,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Charter Communications by 167.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,769 shares of the company's stock valued at $897,000 after buying an additional 1,733 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in Charter Communications by 13.6% during the third quarter. EP Wealth Advisors LLC now owns 1,250 shares of the company's stock valued at $405,000 after buying an additional 150 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CHTR has been the subject of a number of research reports. StockNews.com lowered Charter Communications from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark restated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price for the company. Finally, Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $389.06.
Check Out Our Latest Stock Report on CHTR
Charter Communications Stock Performance
Shares of NASDAQ:CHTR traded down $1.09 during trading on Friday, reaching $334.38. The stock had a trading volume of 1,288,356 shares, compared to its average volume of 1,245,631. The stock has a fifty day simple moving average of $358.24 and a two-hundred day simple moving average of $357.99. 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 52 week low of $236.08 and a 52 week high of $415.27. The firm has a market capitalization 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.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 in the prior year, the firm posted $7.07 EPS. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Charter Communications Profile
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Free Report)
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.
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