Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,200 shares of the company's stock after selling 5,650 shares during the quarter. Primecap Management Co. CA owned approximately 0.16% of Charter Communications worth $80,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC purchased a new position in Charter Communications in the 4th quarter worth approximately $32,000. Wingate Wealth Advisors Inc. bought a new stake in Charter Communications in the 4th quarter worth approximately $45,000. Union Bancaire Privee UBP SA purchased a new position in shares of Charter Communications in the 4th quarter worth $55,000. Finally, BankPlus Trust Department bought a new stake in shares of Charter Communications during the 4th quarter valued at about $71,000. 81.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHTR shares. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Finally, Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. 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 stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and a consensus target price of $389.39.

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Charter Communications Stock Up 0.3 %

Charter Communications stock traded up $1.23 during midday trading on Friday, reaching $363.81. The company's stock had a trading volume of 1,569,789 shares, compared to its average volume of 1,194,285. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The stock has a market capitalization of $51.73 billion, a P/E ratio of 10.41, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock's 50-day simple moving average is $356.74 and its 200-day simple moving average is $354.94.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business earned $7.07 earnings per share. On average, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.