Rhumbline Advisers Has $70.14 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Rhumbline Advisers reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,626 shares of the company’s stock after selling 6,747 shares during the period. Rhumbline Advisers owned about 0.14% of Charter Communications worth $70,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Geode Capital Management LLC raised its holdings in Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares during the last quarter. FMR LLC raised its holdings in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after buying an additional 7,008 shares during the last quarter. Finally, Cryder Capital Partners LLP raised its holdings in Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after buying an additional 39,334 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock opened at $360.27 on Monday. The firm has a market capitalization of $51.23 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. The firm has a fifty day simple moving average of $354.19 and a two-hundred day simple moving average of $353.92. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the firm posted $7.07 earnings per share. Analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHTR shares. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Pivotal Research raised their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $384.42.

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.