Bristol John W & Co. Inc. NY Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Bristol John W & Co. Inc. NY trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,143 shares of the company's stock after selling 4,551 shares during the quarter. Bristol John W & Co. Inc. NY owned 0.14% of Charter Communications worth $67,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its position in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in Charter Communications during the 4th quarter worth about $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. grew its position in 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 acquiring an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Charter Communications during the fourth quarter worth about $45,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Down 0.8%

Charter Communications stock traded down $3.18 during mid-day trading on Friday, hitting $392.63. The company had a trading volume of 1,829,857 shares, compared to its average volume of 1,275,552. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 1 year low of $270.86 and a 1 year high of $437.06. The business has a fifty day moving average of $375.39 and a 200 day moving average of $368.03. The stock has a market cap of $55.11 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $13.67 billion. During the same quarter in the previous year, the company posted $7.55 EPS. The company's quarterly revenue was up .4% on a year-over-year basis. On average, sell-side 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 analysts recently weighed in on CHTR shares. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a report on Monday, April 28th. Morgan Stanley boosted 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 note on Monday, April 28th. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. BNP Paribas reiterated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Finally, Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a report on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $409.39.

About Charter Communications

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.