Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,500 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,829 shares of the company’s stock after selling 1,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Charter Communications were worth $5,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter valued at about $28,000. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the fourth quarter valued at about $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications during the fourth quarter valued at about $45,000. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

Shares of CHTR opened at $358.59 on Wednesday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average price is $352.02 and its two-hundred day moving average price is $353.59. The firm has a market cap of $50.99 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 quarter in the prior year, the business earned $7.07 earnings per share. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications 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.