Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 45.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,651 shares of the company's stock after selling 11,458 shares during the quarter. Pacer Advisors Inc.'s holdings in Charter Communications were worth $5,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parnassus Investments LLC bought a new position in shares of Charter Communications during the third quarter valued at approximately $508,684,000. Renaissance Technologies LLC increased its stake in shares of Charter Communications by 462.8% during the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company's stock valued at $295,345,000 after purchasing an additional 445,200 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications by 507.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company's stock valued at $260,557,000 after purchasing an additional 398,954 shares in the last quarter. Norges Bank purchased a new stake in shares of Charter Communications during the fourth quarter valued at approximately $132,163,000. Finally, Pzena Investment Management LLC grew its holdings in shares of Charter Communications by 21.0% during the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company's stock valued at $641,762,000 after buying an additional 253,324 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR traded down $2.88 during trading on Friday, hitting $290.63. 1,254,327 shares of the company traded hands, compared to its average volume of 1,542,396. The company has a market cap of $42.21 billion, a PE ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 0.96. The stock's 50-day simple moving average is $308.71 and its two-hundred day simple moving average is $373.42. Charter Communications, Inc. has a 1 year low of $270.41 and a 1 year high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to analysts' expectations of $13.70 billion. During the same period in the previous year, the business posted $7.69 earnings per share. The business's revenue was up .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 33.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CHTR shares. Pivotal Research cut their price target on shares of Charter Communications from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Monday, February 5th. Rosenblatt Securities cut shares of Charter Communications from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $472.00 to $335.00 in a report on Tuesday, February 20th. Wells Fargo & Company cut shares of Charter Communications from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $460.00 to $340.00 in a report on Monday, February 5th. JPMorgan Chase & Co. cut shares of Charter Communications from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $445.00 to $370.00 in a report on Monday, February 5th. Finally, Benchmark dropped their target price on shares of Charter Communications from $490.00 to $440.00 and set a "buy" rating on the stock in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $408.75.

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.