Ameriprise Financial Inc. Cuts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Ameriprise Financial Inc. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,539 shares of the company's stock after selling 1,040 shares during the period. Ameriprise Financial Inc.'s holdings in Charter Communications were worth $13,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Charter Communications during the fourth quarter valued at about $1,032,236,000. Geode Capital Management LLC grew its position in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Charter Communications by 822.8% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of 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. Finally, Northern Trust Corp grew its position in shares of Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after purchasing an additional 142,883 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 1.2%

Shares of Charter Communications stock traded up $4.86 on Tuesday, hitting $423.49. 1,236,095 shares of the company traded hands, compared to its average volume of 1,265,065. The stock's 50 day moving average price is $366.92 and its 200-day moving average price is $366.69. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 52 week low of $266.06 and a 52 week high of $437.06. The company has a market cap of $59.44 billion, a PE ratio of 12.11, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same period in the prior year, the firm posted $7.55 EPS. The business's revenue was up .4% on a year-over-year basis. Equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHTR. Raymond James upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday. Royal Bank of Canada lifted their price target on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday, April 28th. Benchmark reiterated a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. BNP Paribas reiterated an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Citigroup lifted their price target on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $409.39.

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.