Bristol John W & Co. Inc. NY cut its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,241 shares of the company's stock after selling 10,740 shares during the quarter. Bristol John W & Co. Inc. NY owned 0.14% of Charter Communications worth $80,939,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Janiczek Wealth Management LLC grew its stake in shares of Charter Communications by 168.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company's stock valued at $29,000 after purchasing an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Charter Communications during the third quarter worth $31,000. Catalyst Capital Advisors LLC raised its stake in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company's stock worth $49,000 after acquiring an additional 27 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications during the fourth quarter worth $44,000. Finally, NBC Securities Inc. acquired a new position in Charter Communications during the third quarter worth $56,000. 81.76% of the stock is owned by institutional investors and hedge funds.
Charter Communications Trading Down 2.3 %
CHTR traded down $6.03 during midday trading on Friday, reaching $260.50. 1,048,473 shares of the company were exchanged, compared to its average volume of 1,328,858. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a one year low of $258.56 and a one year high of $458.30. The stock has a market capitalization of $37.83 billion, a P/E ratio of 8.68, a PEG ratio of 0.44 and a beta of 0.96. The stock's 50-day simple moving average is $287.34 and its 200 day simple moving average is $359.28.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the business posted $7.69 EPS. Charter Communications's quarterly revenue was up .3% on a year-over-year basis. As a group, analysts forecast that Charter Communications, Inc. will post 32.58 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Sanford C. Bernstein upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $370.00 price objective for the company in a research note on Monday, March 18th. Pivotal Research lowered their target price on Charter Communications from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, February 5th. Bank of America lowered their target price on Charter Communications from $350.00 to $315.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Barclays lowered their target price on Charter Communications from $280.00 to $250.00 and set an "underweight" rating for the company in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company lowered their target price on Charter Communications from $340.00 to $290.00 and set an "equal weight" rating for the company in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average price target of $388.67.
Check Out Our Latest Research Report on Charter Communications
Charter Communications Profile
(
Free Report)
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.
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