AustralianSuper Pty Ltd Has $7.83 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

AustralianSuper Pty Ltd cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,830 shares of the company’s stock after selling 1,997 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Charter Communications were worth $7,825,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth $28,000. Avior Wealth Management LLC grew its holdings in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications during the 4th quarter worth approximately $45,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares during the period. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CHTR. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Performance

NASDAQ CHTR opened at $360.27 on Friday. The company has a market capitalization of $51.23 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a fifty day simple moving average of $354.19 and a 200 day simple moving average of $354.12. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 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 period in the previous year, the firm earned $7.07 EPS. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.