Capco Asset Management LLC Sells 2,447 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Capco Asset Management LLC reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,072 shares of the company’s stock after selling 2,447 shares during the period. Charter Communications comprises approximately 8.2% of Capco Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Capco Asset Management LLC’s holdings in Charter Communications were worth $36,358,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% in the 4th 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 in the 4th quarter valued at approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Charter Communications Stock Performance

NASDAQ:CHTR opened at $363.81 on Friday. The company has a fifty day moving average of $356.74 and a 200-day moving average of $354.94. The firm has a market capitalization of $51.73 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company posted $7.07 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

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.