Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Axa S.A.

AXA S.A. decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,779 shares of the company's stock after selling 1,133 shares during the quarter. AXA S.A.'s holdings in Charter Communications were worth $3,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHTR. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the period. Sierra Ocean LLC purchased a new stake in Charter Communications during the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. raised its stake in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. Citigroup raised their price target on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Royal Bank of Canada raised their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Finally, BNP Paribas restated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $399.35.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $7.77 during midday trading on Tuesday, reaching $410.29. 522,819 shares of the company's stock traded hands, compared to its average volume of 1,241,104. The company has a fifty day simple moving average of $361.94 and a two-hundred day simple moving average of $363.84. Charter Communications, Inc. has a 1 year low of $266.06 and a 1 year high of $415.27. The company has a market cap of $57.59 billion, a P/E ratio of 11.74, a PEG 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 posted its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same period in the previous year, the business earned $7.55 earnings per share. The business's revenue for the quarter was up .4% on a year-over-year basis. Equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.