EP Wealth Advisors LLC Trims Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

EP Wealth Advisors LLC lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 41.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 737 shares of the company’s stock after selling 513 shares during the quarter. EP Wealth Advisors LLC’s holdings in Charter Communications were worth $253,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Corton Capital Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $265,000. Crestline Management LP purchased a new stake in shares of Charter Communications during the fourth quarter worth approximately $204,000. CastleKnight Management LP raised its stake in shares of Charter Communications by 4.1% during the fourth quarter. CastleKnight Management LP now owns 25,380 shares of the company’s stock worth $8,700,000 after purchasing an additional 1,000 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Charter Communications by 15.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 10,088 shares of the company’s stock worth $3,458,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Charter Communications by 40.2% during the fourth quarter. Captrust Financial Advisors now owns 1,739 shares of the company’s stock worth $596,000 after purchasing an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 2.1%

Charter Communications stock opened at $411.13 on Wednesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $57.71 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $415.27. The stock’s fifty day moving average is $362.51 and its two-hundred day moving average is $364.17.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Citigroup upped their price objective on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Finally, Morgan Stanley upped their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.