LPL Financial LLC Has $4.38 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

LPL Financial LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,763 shares of the company's stock after selling 3,556 shares during the quarter. LPL Financial LLC's holdings in Charter Communications were worth $4,375,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake 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 valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. Amundi boosted its stake in Charter Communications by 62.0% in the 4th quarter. Amundi now owns 288,559 shares of the company's stock valued at $100,799,000 after buying an additional 110,410 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Charter Communications in the fourth quarter valued at $33,485,000. Empirical Asset Management LLC acquired a new position in Charter Communications during the fourth quarter worth $21,338,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Charter Communications by 266.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 68,607 shares of the company's stock valued at $23,516,000 after acquiring an additional 49,902 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $450.00 target price 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 stock a "sector perform" rating in a research note on Monday, February 3rd. BNP Paribas reiterated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Wells Fargo & Company decreased their price target on Charter Communications from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They issued a "buy" rating and a $425.00 price objective for the company. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $387.88.

Charter Communications Trading Up 2.3 %

Shares of CHTR traded up $7.75 on Tuesday, reaching $348.15. 149,738 shares of the company's stock were exchanged, compared to its average volume of 1,241,461. The business has a 50 day moving average price of $358.15 and a two-hundred day moving average price of $358.09. 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, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market capitalization of $49.42 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts' consensus estimates 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 previous year, the firm posted $7.07 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.