NewEdge Advisors LLC Sells 987 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

NewEdge Advisors LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 58.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 711 shares of the company's stock after selling 987 shares during the period. NewEdge Advisors LLC's holdings in Charter Communications were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Charter Communications in the fourth quarter worth approximately $1,032,236,000. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. LSV Asset Management grew its holdings in Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company's stock worth $60,775,000 after acquiring an additional 175,205 shares during the period. Franklin Resources Inc. raised its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Finally, Amundi boosted its position in shares of Charter Communications by 62.0% during the 4th quarter. Amundi now owns 288,559 shares of the company's stock valued at $100,799,000 after purchasing an additional 110,410 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Loop Capital increased their target price on shares of Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a research note on Monday, April 28th. Morgan Stanley increased their price objective on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Benchmark restated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Citigroup upped their target price on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Royal Bank of Canada lifted their price target on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $399.35.

Charter Communications Stock Up 1.8 %

NASDAQ CHTR traded up $7.08 on Tuesday, reaching $401.32. The stock had a trading volume of 584,909 shares, compared to its average volume of 1,256,435. The company has a market capitalization of $56.33 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.44 and a beta of 1.11. 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, Inc. has a 1 year low of $261.76 and a 1 year high of $415.27. The business has a 50 day moving average price of $358.44 and a 200 day moving average price of $361.25.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $7.55 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 38.16 EPS 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.