Point72 Asia Singapore Pte. Ltd. Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Point72 Asia Singapore Pte. Ltd. decreased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 88.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 771 shares of the company's stock after selling 5,700 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Charter Communications were worth $264,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications during the fourth quarter worth about $32,000. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. grew its position in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 2.0%

CHTR stock traded down $8.62 during trading on Monday, reaching $418.63. 1,821,507 shares of the stock traded hands, compared to its average volume of 1,262,865. The firm has a market capitalization of $58.76 billion, a PE ratio of 11.97, a P/E/G ratio of 0.44 and a beta of 1.11. 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 business's 50 day moving average price is $365.54 and its 200-day moving average price is $366.33. Charter Communications, Inc. has a 52-week low of $266.06 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business's revenue for the quarter 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. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. StockNews.com raised Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Royal Bank of Canada lifted their price objective on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday, April 28th. Finally, Raymond James upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average price target of $409.39.

Charter Communications 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.