Sei Investments Co. Sells 1,016 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sei Investments Co. reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,319 shares of the company’s stock after selling 1,016 shares during the period. Sei Investments Co.’s holdings in Charter Communications were worth $31,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the fourth quarter worth $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications in the fourth quarter valued at $36,000. Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the 4th quarter worth $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Charter Communications during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHTR. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research note on Tuesday, November 26th. Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Royal Bank of Canada boosted their price target on shares of 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 cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $389.39.

Charter Communications Price Performance

Shares of CHTR opened at $375.01 on Wednesday. The business’s fifty day moving average is $357.91 and its 200 day moving average is $355.75. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $53.32 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.44 and a beta of 1.13.

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 analysts’ consensus estimates 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 business earned $7.07 EPS. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.