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

Veritas Asset Management LLP trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,800,378 shares of the company's stock after selling 205,707 shares during the quarter. Charter Communications makes up about 5.8% of Veritas Asset Management LLP's investment portfolio, making the stock its 8th largest holding. Veritas Asset Management LLP owned about 1.27% of Charter Communications worth $617,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications in the third quarter worth $28,000. Avior Wealth Management LLC increased its holdings in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in shares of Charter Communications during the fourth quarter valued at about $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Charter Communications in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on CHTR. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Benchmark reiterated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Finally, Pivotal Research upped their price objective on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $384.42.

Charter Communications Trading Up 1.3 %

Shares of CHTR stock traded up $4.53 during trading hours on Friday, reaching $363.57. 1,386,004 shares of the stock traded hands, compared to its average volume of 1,111,144. 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 firm has a market capitalization of $51.70 billion, a PE ratio of 10.40, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The business has a fifty day moving average price of $352.05 and a 200 day moving average price of $353.63.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 prior year, the company posted $7.07 EPS. On average, equities research analysts forecast 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.