Nuveen Asset Management LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 394,622 shares of the company's stock after selling 34,365 shares during the period. Nuveen Asset Management LLC owned about 0.28% of Charter Communications worth $135,265,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. 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 worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications in the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted its holdings 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 valued at $36,000 after buying an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new position in Charter Communications during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.
Charter Communications Stock Up 1.8%
NASDAQ CHTR opened at $427.25 on Friday. 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's 50 day simple moving average is $365.54 and its 200 day simple moving average is $365.82. Charter Communications, Inc. has a 12 month low of $266.06 and a 12 month high of $437.06. The company has a market capitalization of $59.97 billion, a P/E ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.11.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the prior year, the firm earned $7.55 EPS. The firm's revenue was up .4% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CHTR. Morgan Stanley boosted their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Loop Capital boosted their target price on shares of Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a research note on Monday, April 28th. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Finally, StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $404.94.
Read Our Latest Research Report on CHTR
Charter Communications Company Profile
(
Free Report)
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.
Further Reading
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