Fiduciary Alliance LLC Trims Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Fiduciary Alliance LLC lessened its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,976 shares of the company's stock after selling 1,772 shares during the period. Fiduciary Alliance LLC's holdings in Charter Communications were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caprock Group LLC raised its position in Charter Communications by 39.7% in the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after acquiring an additional 999 shares during the period. Makaira Partners LLC raised its stake in Charter Communications by 4.0% during the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after acquiring an additional 14,510 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Charter Communications by 213.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock worth $9,030,000 after acquiring an additional 17,952 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Charter Communications by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock worth $1,696,000 after acquiring an additional 161 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Charter Communications during the 4th quarter worth approximately $33,485,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $5.43 during midday trading on Friday, hitting $396.70. The company's stock had a trading volume of 257,704 shares, compared to its average volume of 1,274,322. The business's 50 day simple moving average is $376.97 and its 200 day simple moving average is $367.97. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $55.68 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $272.49 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the prior year, the firm earned $7.55 EPS. The firm's revenue was up .4% on a year-over-year basis. On average, analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research analyst reports. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a research note on Friday, May 16th. Citigroup lifted their price target 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. Morgan Stanley boosted 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. Sanford C. Bernstein lowered shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a report on Monday. Finally, BNP Paribas reiterated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and an average target price of $409.42.

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.