Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Axa S.A.

Axa S.A. lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,779 shares of the company’s stock after selling 1,133 shares during the quarter. Axa S.A.’s holdings in Charter Communications were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHTR. Avior Wealth Management LLC increased its position 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 worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications in the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. grew its position in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications in the 4th quarter valued at approximately $45,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 0.5 %

Shares of NASDAQ:CHTR opened at $404.11 on Thursday. Charter Communications, Inc. has a twelve month low of $261.76 and a twelve month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $56.72 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a 50 day moving average of $360.12 and a 200-day moving average of $361.84.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same period in the previous year, the business posted $7.55 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Morgan Stanley lifted their price target on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Royal Bank of Canada increased their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research note on Monday, April 28th. Citigroup lifted their target price on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Finally, BNP Paribas reissued an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, seven have given 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 $399.35.

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.