Cornerstone Capital Inc. Sells 6,170 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cornerstone Capital Inc. cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,690 shares of the company's stock after selling 6,170 shares during the quarter. Cornerstone Capital Inc.'s holdings in Charter Communications were worth $10,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Charter Communications in the 4th quarter worth about $1,032,236,000. Arrowstreet Capital Limited Partnership lifted its position in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after purchasing an additional 609,554 shares in the last quarter. LSV Asset Management grew its stake 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 valued at $60,775,000 after acquiring an additional 175,205 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock worth $308,795,000 after purchasing an additional 161,547 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Up 0.2 %

Shares of NASDAQ CHTR traded up $0.61 during mid-day trading on Thursday, reaching $338.12. The company had a trading volume of 1,323,504 shares, compared to its average volume of 1,267,719. The stock has a market capitalization of $48.00 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock's 50 day moving average is $355.62 and its 200-day moving average is $358.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the company posted $7.07 earnings per share. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHTR shares. Benchmark reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price objective on the stock. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, BNP Paribas reissued an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $387.88.

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.