BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,623 shares of the company’s stock after selling 2,354 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Charter Communications were worth $5,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the 3rd quarter valued at $28,000. CVA Family Office LLC raised its position in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the period. Grove Bank & Trust lifted its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CHTR shares. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Morgan Stanley increased their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $394.43 on Tuesday. The company has a 50 day simple moving average of $353.45 and a two-hundred day simple moving average of $329.97. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 0.63 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the company earned $8.25 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.87 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.