Norinchukin Bank The decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,031 shares of the company’s stock after selling 3,383 shares during the period. Norinchukin Bank The’s holdings in Charter Communications were worth $9,081,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in CHTR. Ameriprise Financial Inc. lifted its stake in shares of Charter Communications by 315.1% during the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock valued at $503,237,000 after buying an additional 1,051,151 shares during the period. Brown Advisory Inc. raised its stake in Charter Communications by 623.2% during the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock worth $215,394,000 after purchasing an additional 510,735 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Charter Communications during the fourth quarter worth approximately $120,060,000. California Public Employees Retirement System raised its stake in Charter Communications by 33.7% during the fourth quarter. California Public Employees Retirement System now owns 619,620 shares of the company’s stock worth $208,168,000 after purchasing an additional 156,169 shares during the period. Finally, Toronto Dominion Bank raised its stake in Charter Communications by 155.5% during the third quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock worth $68,416,000 after purchasing an additional 114,586 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Barclays downgraded shares of Charter Communications from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $267.01 to $283.00 in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. BidaskClub raised shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. Moffett Nathanson raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Co raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $387.50 to $460.00 in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $407.17.
Shares of Charter Communications, Inc. (CHTR) opened at $350.01 on Wednesday. Charter Communications, Inc. has a 52-week low of $308.30 and a 52-week high of $408.83. The stock has a market cap of $85,676.13, a price-to-earnings ratio of 167.86, a PEG ratio of 3.96 and a beta of 1.20. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. research analysts forecast that Charter Communications, Inc. will post 4.32 EPS for the current fiscal year.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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