Versor Investments LP Sells 3,778 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Versor Investments LP lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 49.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,901 shares of the company's stock after selling 3,778 shares during the period. Versor Investments LP's holdings in Charter Communications were worth $1,337,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CHTR. Lind Value II ApS bought a new stake in shares of Charter Communications in the 4th quarter worth $9,743,000. Oddo BHF Asset Management Sas purchased a new position in Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC grew its position in Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock worth $12,993,000 after purchasing an additional 26,446 shares in the last quarter. Caprock Group LLC increased its stake in Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after buying an additional 999 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHTR shares. Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research 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 for the company in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Charter Communications currently has a consensus rating of "Hold" and an average price target of $384.42.

Charter Communications Trading Up 2.0 %

Shares of Charter Communications stock traded up $7.09 during midday trading on Monday, reaching $370.66. 1,427,780 shares of the company's stock traded hands, compared to its average volume of 1,118,260. The stock has a 50 day moving average of $352.29 and a 200-day moving average of $353.71. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a market cap of $52.71 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data 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 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. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.