Lazard Asset Management LLC Sells 29,793 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Lazard Asset Management LLC reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 47.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,637 shares of the company's stock after selling 29,793 shares during the period. Lazard Asset Management LLC's holdings in Charter Communications were worth $11,186,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and upped their price target for the stock from $430.00 to $510.00 in a research note on Monday. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Oppenheimer upgraded shares of 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. Royal Bank of Canada raised their price target on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company upped their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $409.39.

Charter Communications Stock Down 2.5%

Shares of CHTR stock traded down $10.53 during trading hours on Monday, reaching $416.72. The company had a trading volume of 1,335,908 shares, compared to its average volume of 1,261,495. Charter Communications, Inc. has a 12 month low of $266.06 and a 12 month high of $437.06. The business has a fifty day simple moving average of $365.54 and a 200-day simple moving average of $366.33. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $58.49 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly 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 net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same period last year, the firm earned $7.55 EPS. The business's revenue for the quarter was up .4% on a year-over-year basis. On average, research analysts expect 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.