Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Veritas Asset Management LLP

Veritas Asset Management LLP lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,006,085 shares of the company's stock after selling 204,629 shares during the period. Charter Communications comprises about 4.8% of Veritas Asset Management LLP's investment portfolio, making the stock its 11th biggest holding. Veritas Asset Management LLP owned approximately 1.39% of Charter Communications worth $650,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Capital International Investors increased its position in 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 purchasing an additional 3,685,451 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock valued at $903,932,000 after purchasing an additional 175,130 shares during the period. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 69,959 shares during the period. First Pacific Advisors LP lifted its position in Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company's stock valued at $183,144,000 after buying an additional 12,218 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock valued at $104,188,000 after acquiring an additional 348,299 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 11.9 %

Shares of Charter Communications stock traded up $38.88 on Friday, hitting $366.49. 4,442,323 shares of the company traded hands, compared to its average volume of 942,638. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $424.86. The company has a market cap of $52.31 billion, a PE ratio of 11.69, a PEG ratio of 0.59 and a beta of 1.03. The stock's 50 day moving average price is $333.06 and its 200-day moving average price is $312.37. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $8.25 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 32.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays increased their target price on Charter Communications from $250.00 to $300.00 and gave the stock an "underweight" rating in a research note on Monday, July 29th. Citigroup raised shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Morgan Stanley increased their price target on Charter Communications from $330.00 to $360.00 and gave the company an "equal weight" rating in a report on Monday, July 29th. Raymond James lowered Charter Communications from a "market perform" rating to an "underperform" rating in a report on Monday, July 29th. Finally, Bank of America increased their target price on Charter Communications from $360.00 to $385.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $356.41.

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.