Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by National Pension Service

National Pension Service lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,372 shares of the company’s stock after selling 9,641 shares during the quarter. National Pension Service’s holdings in Charter Communications were worth $55,656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CHTR. FMR LLC boosted its holdings in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Fernbridge Capital Management LP acquired a new stake in Charter Communications in the third quarter worth about $48,200,000. Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Charter Communications in the fourth quarter worth about $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Charter Communications in the third quarter worth about $17,788,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 1.6 %

Shares of CHTR opened at $359.04 on Friday. 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, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock has a market capitalization of $51.05 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.44 and a beta of 1.11. The stock has a 50 day moving average price of $352.05 and a 200 day moving average price of $353.63.

Charter Communications (NASDAQ:CHTR) last issued 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the business earned $7.07 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHTR shares. Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus price target of $384.42.

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.