Victory Capital Management Inc. Sells 1,188 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,899 shares of the company's stock after selling 1,188 shares during the period. Victory Capital Management Inc. owned about 0.07% of Charter Communications worth $32,871,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Chemistry Wealth Management LLC raised its stake in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after acquiring an additional 30 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after acquiring an additional 30 shares during the last quarter. Keybank National Association OH increased its stake in Charter Communications by 2.6% in the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company's stock worth $477,000 after purchasing an additional 35 shares during the period. Allworth Financial LP boosted its stake in shares of Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company's stock valued at $90,000 after purchasing an additional 36 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Charter Communications by 5.8% in the fourth quarter. Brooklyn Investment Group now owns 671 shares of the company's stock worth $230,000 after buying an additional 37 shares during the period. 81.76% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of analyst reports. KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Royal Bank of Canada increased 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 reiterated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and a consensus target price of $384.42.

Charter Communications Stock Down 1.2 %

NASDAQ:CHTR traded down $4.35 during trading hours on Thursday, reaching $345.40. 1,172,641 shares of the company traded hands, compared to its average volume of 1,185,331. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a market capitalization of $49.11 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.44 and a beta of 1.13. The business's 50-day moving average price is $355.81 and its two-hundred day moving average price is $354.86. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $7.07 EPS. Analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.