Ensign Peak Advisors Inc Reduces Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Ensign Peak Advisors Inc lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,068 shares of the company's stock after selling 3,183 shares during the quarter. Ensign Peak Advisors Inc's holdings in Charter Communications were worth $9,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CHTR. Brown Brothers Harriman & Co. raised its position in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares during the period. Chemistry Wealth Management LLC raised its holdings in Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock worth $226,000 after purchasing an additional 30 shares during the period. Jones Financial Companies Lllp grew its holdings in Charter Communications by 3.4% during the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock valued at $310,000 after purchasing an additional 30 shares during the period. Quadrant Capital Group LLC grew its holdings in Charter Communications by 4.2% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock valued at $254,000 after purchasing an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after buying an additional 34 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. 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. Royal Bank of Canada raised their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Finally, Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $399.35.

Charter Communications Stock Performance

Charter Communications stock opened at $402.52 on Tuesday. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $415.27. 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 company's 50-day moving average price is $361.94 and its 200-day moving average price is $363.84. The company has a market cap of $56.50 billion, a PE ratio of 11.51, a price-to-earnings-growth 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 for the quarter, missing the consensus estimate 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 net margin of 9.23% and a return on equity of 29.01%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.55 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS 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.

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