Charter Communications, Inc. (NASDAQ:CHTR) Stake Decreased by Sterling Investment Management LLC

Sterling Investment Management LLC decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,917 shares of the company’s stock after selling 106 shares during the period. Charter Communications accounts for about 1.4% of Sterling Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Sterling Investment Management LLC’s holdings in Charter Communications were worth $1,911,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CHTR. Fund Management at Engine No. 1 LLC lifted its stake in shares of Charter Communications by 5.9% in the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 1,353 shares of the company’s stock valued at $497,000 after purchasing an additional 75 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Charter Communications by 9.7% during the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after purchasing an additional 1,311 shares in the last quarter. River Road Asset Management LLC acquired a new position in Charter Communications in the third quarter valued at approximately $29,948,000. Graham Capital Management L.P. raised its holdings in Charter Communications by 354.7% in the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after purchasing an additional 11,805 shares during the period. Finally, DigitalBridge Group Inc. bought a new stake in shares of Charter Communications during the third quarter worth $16,411,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the subject of several research analyst reports. UBS Group reduced their target price on shares of Charter Communications from $415.00 to $360.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Pivotal Research dropped their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Wells Fargo & Company cut shares of Charter Communications from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $460.00 to $340.00 in a research report on Monday, February 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research report on Monday, March 18th. Finally, Rosenblatt Securities lowered shares of Charter Communications from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $472.00 to $335.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $410.94.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $293.51 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The firm has a market capitalization of $42.63 billion, a PE ratio of 9.78, a P/E/G ratio of 0.43 and a beta of 0.96. Charter Communications, Inc. has a twelve month low of $270.41 and a twelve month high of $458.30. The company has a 50-day moving average price of $311.51 and a two-hundred day moving average price of $374.57.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the business posted $7.69 earnings per share. Charter Communications’s revenue was up .3% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 33.33 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.