Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 74.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 533 shares of the company’s stock after selling 1,533 shares during the period. Los Angeles Capital Management LLC’s holdings in Charter Communications were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parnassus Investments LLC purchased a new stake in Charter Communications in the third quarter valued at approximately $508,684,000. Pzena Investment Management LLC increased its holdings in shares of Charter Communications by 21.0% during the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Allen Investment Management LLC raised its position in shares of Charter Communications by 25.4% in the 3rd quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after buying an additional 177,224 shares during the period. Morgan Stanley grew its position in Charter Communications by 15.8% during the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after acquiring an additional 161,830 shares during the period. Finally, Quadrature Capital Ltd increased its stake in Charter Communications by 671.5% during the third quarter. Quadrature Capital Ltd now owns 140,296 shares of the company’s stock worth $61,755,000 after acquiring an additional 122,110 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR stock opened at $274.65 on Tuesday. The stock’s 50 day moving average is $275.66 and its two-hundred day moving average is $334.43. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a market capitalization of $39.56 billion, a PE ratio of 8.88, a P/E/G ratio of 1.11 and a beta of 0.97. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter last year, the firm posted $6.65 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Benchmark decreased their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a report on Monday, February 5th. Pivotal Research decreased their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Barclays cut their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Citigroup decreased their price target on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Loop Capital cut their price objective on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $356.47.

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.