National Pension Service Sells 9,641 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

National Pension Service reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,372 shares of the company's stock after selling 9,641 shares during the period. National Pension Service owned approximately 0.11% of Charter Communications worth $55,656,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Geode Capital Management LLC grew its stake in Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock worth $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC increased its holdings in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after buying an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP lifted its holdings in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock worth $172,746,000 after acquiring an additional 39,334 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 2.0 %

Charter Communications stock traded up $7.09 during trading on Monday, hitting $370.66. The company had a trading volume of 1,396,467 shares, compared to its average volume of 1,118,226. The stock has a market cap of $52.71 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company's 50 day simple moving average is $352.29 and its 200-day simple moving average is $353.71. 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 announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (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 prior year, the business earned $7.07 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $384.42.

About Charter Communications

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.