Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 57.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,525 shares of the company’s stock after selling 7,381 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Charter Communications were worth $1,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHTR. Avior Wealth Management LLC raised its stake in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications in the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications in the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. grew its position in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $45,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $321.68 on Wednesday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.44 and a beta of 1.13. The company has a 50-day simple moving average of $358.25 and a 200-day simple moving average of $357.45. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted 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 firm posted $7.07 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price target for the company. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” 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 target for the company in a report on Thursday, December 12th. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $393.18.

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.