First Manhattan CO. LLC. Sells 12,482 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

First Manhattan CO. LLC. cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,829 shares of the company's stock after selling 12,482 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.06% of Charter Communications worth $31,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CHTR. Principal Financial Group Inc. lifted its holdings in Charter Communications by 2.3% during the third quarter. Principal Financial Group Inc. now owns 112,103 shares of the company's stock valued at $36,330,000 after purchasing an additional 2,495 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Charter Communications by 14.0% during the fourth quarter. Nordea Investment Management AB now owns 9,757 shares of the company's stock valued at $3,349,000 after purchasing an additional 1,197 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Charter Communications during the fourth quarter valued at about $212,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Charter Communications by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,305 shares of the company's stock valued at $1,071,000 after purchasing an additional 55 shares during the last quarter. Finally, Czech National Bank lifted its holdings in Charter Communications by 6.0% during the fourth quarter. Czech National Bank now owns 20,966 shares of the company's stock valued at $7,187,000 after purchasing an additional 1,194 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark restated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Morgan Stanley raised 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. Barclays raised their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada raised their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $399.35.

Charter Communications Price Performance

Shares of CHTR stock traded down $2.91 during trading hours on Friday, hitting $401.50. 902,741 shares of the company's stock were exchanged, compared to its average volume of 1,244,448. The company has a market capitalization of $56.36 billion, a PE ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $266.06 and a 12-month high of $415.27. The business's 50 day simple moving average is $361.46 and its 200-day simple moving average is $363.38. 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 (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). The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company's revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $7.55 earnings per share. On average, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

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.