Natixis Advisors LLC Reduces Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Natixis Advisors LLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,503 shares of the company's stock after selling 1,026 shares during the period. Natixis Advisors LLC's holdings in Charter Communications were worth $11,827,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Atria Investments Inc raised its stake in shares of Charter Communications by 46.3% during the third quarter. Atria Investments Inc now owns 1,121 shares of the company's stock valued at $363,000 after acquiring an additional 355 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Charter Communications by 146.3% during the third quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company's stock valued at $3,154,000 after acquiring an additional 5,782 shares during the last quarter. AMG National Trust Bank bought a new position in shares of Charter Communications during the third quarter valued at about $1,111,000. Quest Partners LLC bought a new position in shares of Charter Communications during the third quarter valued at about $616,000. Finally, Pathstone Holdings LLC raised its stake in shares of Charter Communications by 5.0% during the third quarter. Pathstone Holdings LLC now owns 9,277 shares of the company's stock valued at $3,006,000 after acquiring an additional 440 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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Charter Communications Stock Up 0.3 %

Shares of NASDAQ CHTR traded up $1.23 on Friday, reaching $363.81. 1,569,789 shares of the company's stock traded hands, compared to its average volume of 1,194,727. The business's 50 day simple moving average is $356.74 and its two-hundred day simple moving average is $355.00. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. 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 cap of $51.73 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the business earned $7.07 EPS. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CHTR shares. Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Citigroup initiated coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price target for the company. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target for the company in a research note on Tuesday, November 26th. Finally, KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target for the company in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Charter Communications presently has an average rating of "Hold" and an average target price of $389.39.

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.