Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 746,593 shares of the company's stock after purchasing an additional 20,149 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.50% of Charter Communications worth $290,186,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Apollon Wealth Management LLC raised its position in shares of Charter Communications by 80.0% in the fourth quarter. Apollon Wealth Management LLC now owns 848 shares of the company's stock valued at $329,000 after buying an additional 377 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Charter Communications by 13.5% during the 4th quarter. Private Advisor Group LLC now owns 4,801 shares of the company's stock worth $1,866,000 after purchasing an additional 572 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of Charter Communications by 2.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company's stock valued at $693,000 after purchasing an additional 39 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Charter Communications by 5.3% in the fourth quarter. Metis Global Partners LLC now owns 5,623 shares of the company's stock valued at $2,186,000 after purchasing an additional 281 shares during the last quarter. Finally, Clearstead Trust LLC purchased a new position in Charter Communications during the fourth quarter worth approximately $394,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent analyst reports. Benchmark cut their price objective on Charter Communications from $490.00 to $440.00 and set a "buy" rating for the company in a research report on Monday, February 5th. UBS Group lowered their price objective on shares of Charter Communications from $360.00 to $325.00 and set a "neutral" rating for the company in a research report on Thursday, March 28th. Barclays cut their target price on Charter Communications from $280.00 to $250.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on Charter Communications from $290.00 to $260.00 and set an "equal weight" rating for the company in a research note on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $375.00 to $320.00 and set a "hold" rating on the stock in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $356.47.

Charter Communications Stock Down 3.2 %

Shares of NASDAQ:CHTR traded down $8.85 on Thursday, hitting $263.93. 1,681,419 shares of the company's stock were exchanged, compared to its average volume of 1,583,988. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a market capitalization of $38.01 billion, a PE ratio of 8.54, a P/E/G ratio of 1.07 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The firm's 50-day moving average is $276.61 and its 200 day moving average is $337.30.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company had revenue of $13.68 billion during the quarter, compared to analysts' expectations of $13.75 billion. During the same quarter in the prior year, the company earned $6.65 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts predict that Charter Communications, Inc. will post 32.02 EPS for the current 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.