Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,060 shares of the company’s stock after selling 127 shares during the period. Mount Lucas Management LP’s holdings in Charter Communications were worth $706,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the third quarter worth about $28,000. Avior Wealth Management LLC raised its position in shares of 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 purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the 4th quarter worth about $32,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications during the 4th quarter worth about $45,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Charter Communications during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $379.52 on Monday. The firm has a 50 day simple moving average of $354.80 and a 200-day simple moving average of $354.61. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $53.97 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $7.07 earnings per share. On average, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped 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. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $384.42.

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.