Charter Communications, Inc. (NASDAQ:CHTR) Position Cut by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 94.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,179 shares of the company’s stock after selling 51,710 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Charter Communications were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Chemistry Wealth Management LLC lifted its stake in Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after buying an additional 30 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after buying an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after purchasing an additional 34 shares in the last quarter. Keybank National Association OH raised its stake in shares of Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after purchasing an additional 35 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after purchasing an additional 36 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHTR. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $389.39.

Charter Communications Trading Up 2.7 %

NASDAQ:CHTR opened at $362.58 on Friday. The stock has a market cap of $51.56 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock’s 50-day moving average is $356.16 and its two-hundred day moving average is $354.82.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results 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 quarter last year, the business posted $7.07 earnings per share. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.