Mackenzie Financial Corp Sells 1,796 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mackenzie Financial Corp lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,703 shares of the company's stock after selling 1,796 shares during the period. Mackenzie Financial Corp's holdings in Charter Communications were worth $14,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Charter Communications during the fourth quarter worth about $1,032,236,000. Geode Capital Management LLC grew its holdings in Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after acquiring an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after acquiring an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership raised its stake 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 acquiring an additional 609,554 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings 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 worth $343,135,000 after purchasing an additional 142,883 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the subject of several analyst reports. Citigroup raised their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Benchmark restated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a report on Friday, May 16th. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Barclays boosted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus target price of $409.39.

Charter Communications Stock Down 0.8%

Shares of CHTR traded down $3.18 during trading hours on Friday, reaching $392.63. The stock had a trading volume of 1,829,863 shares, compared to its average volume of 1,273,575. The firm has a 50-day simple moving average of $375.74 and a 200 day simple moving average of $367.77. Charter Communications, Inc. has a 12 month low of $272.49 and a 12 month high of $437.06. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $55.11 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $7.55 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.