Legal & General Group Plc lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,844 shares of the company's stock after selling 190,943 shares during the period. Legal & General Group Plc owned 0.38% of Charter Communications worth $184,700,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% during the 4th 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 period. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth about $32,000. Generali Asset Management SPA SGR purchased a new stake in Charter Communications in the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. increased its holdings in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the 4th quarter worth approximately $45,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.
Charter Communications Price Performance
Shares of Charter Communications stock traded up $6.65 during trading hours on Tuesday, reaching $347.05. 307,904 shares of the company's stock were exchanged, compared to its average volume of 1,241,988. The business has a fifty day moving average of $358.15 and a two-hundred day moving average of $358.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $49.26 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.
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 quarter in the previous year, the company posted $7.07 EPS. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CHTR shares. Wells Fargo & Company reduced their target price on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating for the company in a report on Monday. BNP Paribas reissued an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. StockNews.com lowered Charter Communications from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark reissued a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, Citigroup began coverage on shares of Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 target price for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $387.88.
View Our Latest Analysis on CHTR
Charter Communications Profile
(
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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