Primecap Management Co. CA Sells 5,650 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Primecap Management Co. CA cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,200 shares of the company’s stock after selling 5,650 shares during the period. Primecap Management Co. CA’s holdings in Charter Communications were worth $80,277,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Geode Capital Management LLC lifted its stake in Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC lifted its stake in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after acquiring an additional 23,225 shares in the last quarter. Finally, First Pacific Advisors LP lifted its stake in Charter Communications by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after acquiring an additional 3,490 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CHTR shares. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Citigroup started coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus target price of $389.39.

Charter Communications Stock Up 0.1 %

CHTR stock opened at $354.45 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $50.40 billion, a PE ratio of 10.14, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a 50-day simple moving average of $355.82 and a two-hundred day simple moving average of $354.78.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm posted $7.07 earnings per share. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.