Vanguard Group Inc. Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Vanguard Group Inc. lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,071,457 shares of the company’s stock after selling 7,589 shares during the quarter. Vanguard Group Inc. owned approximately 5.68% of Charter Communications worth $2,766,653,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new position in shares of Charter Communications in the fourth quarter worth $10,908,000. American Century Companies Inc. lifted its stake in Charter Communications by 10.2% in the 4th quarter. American Century Companies Inc. now owns 13,919 shares of the company’s stock worth $4,771,000 after purchasing an additional 1,286 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Charter Communications by 45.6% during the 4th quarter. Mizuho Securities USA LLC now owns 9,164 shares of the company’s stock valued at $3,141,000 after purchasing an additional 2,870 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Charter Communications by 8.0% during the fourth quarter. Quantbot Technologies LP now owns 17,024 shares of the company’s stock valued at $5,835,000 after purchasing an additional 1,261 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in Charter Communications by 5.3% during the 4th quarter. iA Global Asset Management Inc. now owns 15,326 shares of the company’s stock valued at $5,253,000 after buying an additional 776 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHTR. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup assumed coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. Finally, Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $389.39.

Charter Communications Price Performance

Shares of CHTR stock opened at $375.01 on Wednesday. The stock has a market capitalization of $53.32 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.44 and a beta of 1.13. 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 twelve month low of $236.08 and a twelve month high of $415.27. The stock has a fifty day simple moving average of $357.91 and a two-hundred day simple moving average of $355.75.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the business posted $7.07 EPS. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.