Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 77.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,361 shares of the company's stock after selling 8,274 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Charter Communications were worth $809,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley boosted 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. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and raised their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of "Hold" and a consensus price target of $384.42.

Charter Communications Trading Down 0.0 %

NASDAQ:CHTR traded down $0.07 on Tuesday, hitting $370.60. 863,421 shares of the stock were exchanged, compared to its average volume of 1,112,126. The stock has a market cap of $52.70 billion, a PE ratio of 10.58, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a fifty day moving average of $352.71 and a 200-day moving average of $353.84.

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 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 quarter in the previous year, the business posted $7.07 earnings per share. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications 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.