Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 204,626 shares of the company's stock after selling 6,747 shares during the period. Rhumbline Advisers owned approximately 0.14% of Charter Communications worth $70,143,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the 3rd quarter valued at $28,000. Avior Wealth Management LLC increased its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications during the 4th quarter worth $45,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock valued at $51,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and upped their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Finally, BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $384.42.

Charter Communications Stock Up 0.4 %

Shares of Charter Communications stock traded up $1.43 on Thursday, reaching $363.01. 692,070 shares of the company were exchanged, compared to its average volume of 1,125,551. The stock's 50 day moving average price is $353.41 and its 200-day moving average price is $353.60. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a market cap of $51.62 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

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, topping the consensus estimate 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 firm posted $7.07 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 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.