First Trust Advisors LP Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

First Trust Advisors LP decreased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,550 shares of the company’s stock after selling 2,257 shares during the period. First Trust Advisors LP owned approximately 0.07% of Charter Communications worth $33,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its holdings in shares of Charter Communications by 262.6% during the third quarter. Virtu Financial LLC now owns 13,731 shares of the company’s stock worth $4,450,000 after purchasing an additional 9,944 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Charter Communications during the 3rd quarter valued at approximately $165,000. Tidal Investments LLC increased its stake in shares of Charter Communications by 1.3% in the third quarter. Tidal Investments LLC now owns 17,261 shares of the company’s stock worth $5,594,000 after acquiring an additional 229 shares during the period. Franklin Resources Inc. raised its holdings in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Charter Communications during the third quarter valued at $1,345,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. StockNews.com raised Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Citigroup started coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $387.88.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $335.33 on Friday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a market capitalization of $47.60 billion, a PE ratio of 9.59, a P/E/G ratio of 0.44 and a beta of 1.13. The business’s 50 day moving average price is $355.12 and its 200-day moving average price is $358.15.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $7.07 EPS. As a group, equities research analysts expect 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.