Everence Capital Management Inc. Reduces Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Everence Capital Management Inc. cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 61.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 980 shares of the company’s stock after selling 1,540 shares during the period. Everence Capital Management Inc.’s holdings in Charter Communications were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CHTR. Janiczek Wealth Management LLC grew its position in shares of Charter Communications by 168.0% in the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Charter Communications in the third quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Charter Communications in the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC grew its position in shares of Charter Communications by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Charter Communications by 30.5% in the second quarter. Harbour Investments Inc. now owns 137 shares of the company’s stock valued at $50,000 after purchasing an additional 32 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays lowered their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, March 18th. UBS Group lowered their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Benchmark lowered their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Wells Fargo & Company decreased their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $380.80.

Charter Communications Stock Up 0.7 %

Charter Communications stock opened at $259.91 on Friday. Charter Communications, Inc. has a 1-year low of $254.31 and a 1-year high of $458.30. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $37.75 billion, a PE ratio of 8.66, a P/E/G ratio of 0.43 and a beta of 0.96. The stock’s fifty day moving average is $284.78 and its two-hundred day moving average is $355.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.69 EPS. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.58 EPS for the current fiscal year.

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.