Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,426 shares of the company's stock after selling 20,200 shares during the period. Rhumbline Advisers owned about 0.13% of Charter Communications worth $67,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Charter Communications during the fourth quarter worth about $1,032,236,000. Geode Capital Management LLC boosted its position 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 worth $847,087,000 after acquiring an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 worth $433,167,000 after acquiring an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after acquiring an additional 609,554 shares during the last quarter. Finally, Northern Trust Corp boosted its position in 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 acquiring an additional 142,883 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 1.3%

Shares of NASDAQ CHTR traded up $5.18 during midday trading on Friday, reaching $396.45. 816,225 shares of the stock were exchanged, compared to its average volume of 1,278,443. The stock has a 50 day moving average price of $377.48 and a 200-day moving average price of $368.05. 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 $272.49 and a 52-week high of $437.06. The company has a market capitalization of $55.65 billion, a P/E ratio of 11.34, a P/E/G ratio of 0.44 and a beta of 1.11.

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

Analyst Ratings Changes

CHTR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research 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 report on Monday, April 28th. Royal Bank of Canada boosted their price target on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" 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 on the stock. in a research report on Monday. Finally, Raymond James upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Four investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $409.42.

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.