New York Life Investment Management LLC Has $4.46 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

New York Life Investment Management LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,004 shares of the company’s stock after selling 1,380 shares during the quarter. New York Life Investment Management LLC’s holdings in Charter Communications were worth $4,457,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lake Street Advisors Group LLC lifted its stake in shares of Charter Communications by 7.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,141 shares of the company’s stock worth $391,000 after acquiring an additional 79 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Charter Communications by 266.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 68,607 shares of the company’s stock worth $23,516,000 after acquiring an additional 49,902 shares during the period. BankPlus Trust Department acquired a new position in shares of Charter Communications in the fourth quarter worth approximately $71,000. Colonial River Investments LLC lifted its stake in shares of Charter Communications by 21.0% in the fourth quarter. Colonial River Investments LLC now owns 854 shares of the company’s stock worth $293,000 after acquiring an additional 148 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications in the fourth quarter worth approximately $55,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $363.57 on Friday. 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. The stock’s 50 day moving average is $352.29 and its 200-day moving average is $353.70. The firm has a market capitalization of $51.70 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $7.07 earnings per share. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.