Voyager Global Management LP Sells 120,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Voyager Global Management LP trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company's stock after selling 120,000 shares during the period. Charter Communications accounts for 8.2% of Voyager Global Management LP's holdings, making the stock its 6th biggest position. Voyager Global Management LP owned about 0.42% of Charter Communications worth $205,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $1,032,236,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares during the period. LSV Asset Management increased its position in shares of Charter Communications by 8,343.1% during the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after purchasing an additional 175,205 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after buying an additional 161,547 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ:CHTR traded down $2.85 during trading hours on Wednesday, reaching $383.48. 466,782 shares of the company's stock were exchanged, compared to its average volume of 1,297,970. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $54.43 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1-year low of $253.91 and a 1-year high of $415.27. The company has a 50-day moving average of $356.13 and a 200 day moving average of $359.39.

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). The company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $7.55 EPS. Research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CHTR. Royal Bank of Canada upped their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday. StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday, April 22nd. Loop Capital boosted their price target on shares of Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a research note on Monday. Morgan Stanley lifted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $399.35.

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.