Natixis Advisors LLC Reduces Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Natixis Advisors LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,503 shares of the company’s stock after selling 1,026 shares during the quarter. Natixis Advisors LLC’s holdings in Charter Communications were worth $11,827,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHTR. Wintrust Investments LLC boosted its position in shares of Charter Communications by 39.1% in the 4th quarter. Wintrust Investments LLC now owns 306 shares of the company’s stock worth $105,000 after buying an additional 86 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Charter Communications by 13.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 26,245 shares of the company’s stock valued at $9,007,000 after purchasing an additional 3,056 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Charter Communications by 36.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,083 shares of the company’s stock valued at $371,000 after purchasing an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after purchasing an additional 34 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Charter Communications by 20.2% during the 4th quarter. HighTower Advisors LLC now owns 28,971 shares of the company’s stock worth $9,930,000 after purchasing an additional 4,862 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. StockNews.com raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Barclays boosted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, Benchmark restated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $389.39.

Charter Communications Trading Down 0.4 %

NASDAQ:CHTR opened at $353.02 on Thursday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The business’s 50-day moving average is $355.90 and its two-hundred day moving average is $354.77. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $50.20 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 last year, the firm posted $7.07 EPS. Research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.