Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,578 shares of the company's stock after selling 2,783 shares during the quarter. USS Investment Management Ltd's holdings in Charter Communications were worth $4,999,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Charter Communications in the 4th quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $433,167,000 after acquiring an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Charter Communications by 130.1% in 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. LSV Asset Management increased its position in shares of Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after purchasing an additional 175,205 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after purchasing an additional 161,547 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.1%

NASDAQ:CHTR traded up $4.35 on Tuesday, reaching $410.71. 833,814 shares of the company's stock were exchanged, compared to its average volume of 1,268,119. The firm has a market capitalization of $57.65 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 52-week low of $268.14 and a 52-week high of $437.06. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a fifty day moving average of $372.98 and a 200-day moving average of $367.45.

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 analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $7.55 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent research reports. BNP Paribas reiterated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Raymond James upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Citigroup boosted their target price on Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Morgan Stanley upped their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Finally, Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research report on Friday, May 16th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Charter Communications currently has an average rating of "Hold" and a consensus price target of $409.39.

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.