GTS Securities LLC Cuts Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

GTS Securities LLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 96.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,189 shares of the company's stock after selling 36,830 shares during the period. GTS Securities LLC's holdings in Charter Communications were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Norges Bank purchased a new stake in Charter Communications in the fourth quarter worth $1,032,236,000. Geode Capital Management LLC raised its stake in 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 buying an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after acquiring an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Charter Communications by 130.1% in 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 last quarter. Finally, Northern Trust Corp grew its position in Charter Communications by 16.6% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CHTR shares. Citigroup upped their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Wall Street Zen raised Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley increased their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Four 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, Charter Communications presently has an average rating of "Hold" and a consensus target price of $409.39.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded down $3.18 during mid-day trading on Friday, reaching $392.63. 1,829,863 shares of the company traded hands, compared to its average volume of 1,273,575. The company's 50 day moving average price is $375.74 and its 200-day moving average price is $367.58. The firm has a market cap of $55.11 billion, a PE ratio of 11.23, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 52 week low of $272.49 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data 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). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same period last year, the company earned $7.55 earnings per share. The business's revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts expect 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.