Mount Lucas Management LP Lowers Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Mount Lucas Management LP lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 60.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,187 shares of the company's stock after selling 3,293 shares during the period. Mount Lucas Management LP's holdings in Charter Communications were worth $709,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors boosted its position in shares of Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company's stock valued at $3,068,661,000 after acquiring an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock valued at $903,932,000 after buying an additional 175,130 shares during the period. Dimensional Fund Advisors LP grew its position in Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock worth $212,998,000 after acquiring an additional 69,959 shares during the period. First Pacific Advisors LP increased its stake in Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company's stock worth $183,144,000 after acquiring an additional 12,218 shares during the last quarter. Finally, Cryder Capital Partners LLP raised its position in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after purchasing an additional 39,334 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Raymond James lowered shares of Charter Communications from a "market perform" rating to an "underperform" rating in a report on Monday, July 29th. Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. TD Cowen raised their price target on Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $379.06.

Charter Communications Stock Down 1.2 %

CHTR stock traded down $4.55 during trading on Monday, hitting $385.02. 859,872 shares of the company's stock were exchanged, compared to its average volume of 1,391,594. The business has a 50-day moving average price of $342.59 and a two-hundred day moving average price of $321.67. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market capitalization of $54.75 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.25 EPS. As a group, equities research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

Charter Communications Company 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.