Capital World Investors Trims Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Capital World Investors decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,131,834 shares of the company's stock after selling 9,046 shares during the quarter. Capital World Investors owned 0.80% of Charter Communications worth $387,959,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Virtu Financial LLC increased its holdings in Charter Communications by 262.6% in the 3rd quarter. Virtu Financial LLC now owns 13,731 shares of the company's stock worth $4,450,000 after acquiring an additional 9,944 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Charter Communications during the 3rd quarter valued at $165,000. Tidal Investments LLC lifted its stake in shares of Charter Communications by 1.3% during the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company's stock valued at $5,594,000 after buying an additional 229 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% in the 3rd 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 during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in Charter Communications in the 3rd quarter worth $1,345,000. 81.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday, February 3rd. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 price objective for the company. Barclays upped their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. BNP Paribas restated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Finally, 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. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average target price of $387.88.

Charter Communications Trading Up 10.8 %

Shares of CHTR traded up $36.30 during mid-day trading on Friday, reaching $371.63. 1,592,119 shares of the company's stock traded hands, compared to its average volume of 1,253,999. 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 stock's 50-day moving average is $355.12 and its two-hundred day moving average is $358.15. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market cap of $52.75 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 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%. During the same period in the prior year, the company posted $7.55 earnings per share. Research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share 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.