Cigna Investments Inc. New Has $324,000 Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cigna Investments Inc. New cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 943 shares of the company’s stock after selling 34 shares during the quarter. Cigna Investments Inc. New’s holdings in Charter Communications were worth $324,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the period. Grove Bank & Trust grew its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the 4th quarter worth $45,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 2.1 %

Shares of CHTR stock opened at $350.92 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $49.90 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock’s fifty day simple moving average is $357.80 and its 200 day simple moving average is $354.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the company earned $7.07 earnings per share. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $384.42.

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.