Capital Group Private Client Services Inc. Decreases Position in Charter Communications, Inc. (NASDAQ:CHTR)

Capital Group Private Client Services Inc. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,096 shares of the company's stock after selling 10,428 shares during the quarter. Capital Group Private Client Services Inc. owned 0.10% of Charter Communications worth $48,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. grew its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares in the last quarter. Chemistry Wealth Management LLC grew its position in Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after purchasing an additional 30 shares in the last quarter. Jones Financial Companies Lllp increased its stake in 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 buying an additional 30 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after buying an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after buying an additional 34 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark reiterated a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Charter Communications from $400.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Citigroup began coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 target price for the company. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $387.88.

Charter Communications Price Performance

Shares of CHTR stock traded up $8.06 on Wednesday, reaching $339.40. The company's stock had a trading volume of 657,273 shares, compared to its average volume of 1,243,691. The company has a market capitalization of $48.18 billion, a P/E ratio of 9.71, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock's 50 day simple moving average is $356.08 and its 200-day simple moving average is $358.22. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the firm 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 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.