Coatue Management LLC Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Coatue Management LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTRFree Report) by 22.4% in the fourth quarter, Holdings Channel reports. The fund owned 330,233 shares of the company’s stock after selling 95,201 shares during the period. Coatue Management LLC’s holdings in Charter Communications were worth $128,355,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC increased its stake in Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after purchasing an additional 28 shares in the last quarter. Aspiriant LLC lifted its holdings in shares of Charter Communications by 2.3% in the 4th quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after purchasing an additional 35 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Charter Communications by 5.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after purchasing an additional 36 shares during the period. Finally, Summit Trail Advisors LLC raised its position in Charter Communications by 2.2% in the 4th quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock valued at $693,000 after purchasing an additional 39 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Rosenblatt Securities decreased their price target on Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Barclays cut their price objective on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Finally, Bank of America lowered their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $356.47.

Check Out Our Latest Stock Report on CHTR

Charter Communications Price Performance

Shares of NASDAQ CHTR traded down $1.77 during trading on Wednesday, reaching $275.06. The company had a trading volume of 1,095,309 shares, compared to its average volume of 1,460,493. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The stock has a market capitalization of $39.62 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The stock has a 50-day moving average price of $269.56 and a two-hundred day moving average price of $313.76.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $6.65 earnings per share. As a group, sell-side analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Charter Communications Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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