Everence Capital Management Inc. Decreases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Everence Capital Management Inc. reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 61.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 980 shares of the company’s stock after selling 1,540 shares during the period. Everence Capital Management Inc.’s holdings in Charter Communications were worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Pzena Investment Management LLC increased its stake in Charter Communications by 21.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after purchasing an additional 253,324 shares during the period. Morgan Stanley grew its position in shares of Charter Communications by 15.8% in the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the last quarter. Parnassus Investments LLC bought a new stake in shares of Charter Communications in the 3rd quarter worth approximately $508,684,000. Wellington Management Group LLP grew its position in shares of Charter Communications by 8.0% in the 1st quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company’s stock worth $617,882,000 after buying an additional 84,302 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Charter Communications by 2.2% in the 3rd quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after buying an additional 22,494 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 0.7 %

Charter Communications stock opened at $259.91 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The business’s fifty day simple moving average is $284.78 and its two-hundred day simple moving average is $355.31. Charter Communications, Inc. has a 12 month low of $254.31 and a 12 month high of $458.30. The company has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same period last year, the firm posted $7.69 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts predict that Charter Communications, Inc. will post 32.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHTR. Bank of America cut their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Barclays cut their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average price target of $380.80.

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.