East Coast Asset Management LLC. lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,223 shares of the company’s stock after selling 2,119 shares during the period. Charter Communications comprises 5.0% of East Coast Asset Management LLC.’s investment portfolio, making the stock its 8th largest holding. East Coast Asset Management LLC.’s holdings in Charter Communications were worth $18,553,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price Capital Management Inc. acquired a new stake in Charter Communications during the 4th quarter worth about $101,000. Huntington National Bank acquired a new stake in Charter Communications during the 3rd quarter worth about $128,000. Northwestern Mutual Wealth Management Co. raised its holdings in Charter Communications by 109.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after buying an additional 214 shares during the period. CLS Investments LLC raised its holdings in Charter Communications by 4,733.3% during the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Charter Communications during the 3rd quarter worth about $180,000. Hedge funds and other institutional investors own 73.29% of the company’s stock.
Several analysts have issued reports on CHTR shares. Barclays cut their price objective on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Guggenheim upgraded Charter Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Moffett Nathanson upgraded Charter Communications from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $400.89.
Shares of Charter Communications, Inc. (CHTR) opened at $358.77 on Wednesday. The company has a market capitalization of $87,212.10, a P/E ratio of 10.01, a P/E/G ratio of 3.08 and a beta of 1.14. Charter Communications, Inc. has a 12 month low of $308.30 and a 12 month high of $408.83. 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 announced its quarterly earnings results on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. research analysts expect that Charter Communications, Inc. will post 4.55 earnings per share for the current year.
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Charter Communications 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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