Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Lessened by Veritas Asset Management LLP

Veritas Asset Management LLP decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,800,378 shares of the company’s stock after selling 205,707 shares during the period. Charter Communications comprises about 5.8% of Veritas Asset Management LLP’s holdings, making the stock its 8th largest position. Veritas Asset Management LLP’s holdings in Charter Communications were worth $617,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position in Charter Communications by 4.9% during the third 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. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after acquiring an additional 13,430 shares during the last quarter. FMR LLC lifted its holdings in shares of Charter Communications by 27.7% during the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after acquiring an additional 7,008 shares during the last quarter. Finally, Cryder Capital Partners LLP lifted its holdings in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after acquiring an additional 39,334 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.3 %

Shares of CHTR stock opened at $365.80 on Tuesday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a fifty day moving average price of $352.27 and a 200-day moving average price of $353.63. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $52.02 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) 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 business posted $7.07 earnings per share. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CHTR. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley lifted their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, Pivotal Research boosted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $384.42.

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.