Empowered Funds LLC Lowers Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Empowered Funds LLC lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 51.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,814 shares of the company’s stock after selling 7,214 shares during the period. Empowered Funds LLC’s holdings in Charter Communications were worth $2,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of Charter Communications by 8.8% during the 3rd quarter. CWM LLC now owns 1,751 shares of the company’s stock valued at $567,000 after purchasing an additional 141 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Charter Communications during the 3rd quarter valued at $577,000. Creative Planning lifted its holdings in shares of Charter Communications by 1.5% during the 3rd quarter. Creative Planning now owns 10,981 shares of the company’s stock valued at $3,559,000 after purchasing an additional 161 shares during the last quarter. Swedbank AB lifted its holdings in shares of Charter Communications by 8.7% during the 3rd quarter. Swedbank AB now owns 41,367 shares of the company’s stock valued at $13,406,000 after purchasing an additional 3,298 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Charter Communications by 16.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,966 shares of the company’s stock valued at $1,609,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 0.1 %

CHTR stock opened at $360.27 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock has a market cap of $51.23 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.43 and a beta of 1.11. The business’s 50-day moving average is $355.05 and its 200 day moving average is $354.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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 return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the business posted $7.07 EPS. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on 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 raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $384.42.

About Charter Communications

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.