Charter Communications, Inc. (NASDAQ:CHTR) Position Reduced by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 43.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,560 shares of the company's stock after selling 1,209 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Charter Communications were worth $535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Lind Value II ApS acquired a new position in Charter Communications in the fourth quarter valued at $9,743,000. Oddo BHF Asset Management Sas purchased a new position in Charter Communications in the 3rd quarter valued at $1,345,000. Caprock Group LLC increased its stake in shares of Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after acquiring an additional 999 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after buying an additional 148,003 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Charter Communications by 17.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock worth $11,132,000 after purchasing an additional 4,813 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR traded up $9.24 during trading hours on Monday, hitting $394.24. 1,311,332 shares of the stock were exchanged, compared to its average volume of 1,258,964. The stock has a 50-day simple moving average of $357.62 and a 200-day simple moving average of $360.77. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12 month low of $261.76 and a 12 month high of $415.27. The stock has a market cap of $55.34 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.55 earnings per share. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHTR. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Citigroup boosted their price target on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Loop Capital raised their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a report on Monday, April 28th. Finally, Morgan Stanley upped their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus price target of $399.35.

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.