Sterling Investment Management LLC Decreases Position in Charter Communications, Inc. (NASDAQ:CHTR)

Sterling Investment Management LLC decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,917 shares of the company’s stock after selling 106 shares during the quarter. Charter Communications comprises approximately 1.4% of Sterling Investment Management LLC’s portfolio, making the stock its 25th largest position. Sterling Investment Management LLC’s holdings in Charter Communications were worth $1,911,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Fairfield Bush & CO. acquired a new stake in Charter Communications during the first quarter valued at approximately $94,000. American Century Companies Inc. raised its stake in Charter Communications by 10.6% during the first quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock valued at $1,834,000 after buying an additional 322 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Charter Communications by 12,010.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock valued at $660,000 after buying an additional 1,201 shares in the last quarter. Cetera Investment Advisers raised its stake in Charter Communications by 4.5% during the first quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock valued at $469,000 after buying an additional 37 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Charter Communications by 19.4% during the 1st quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock worth $397,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHTR. JPMorgan Chase & Co. lowered Charter Communications from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $445.00 to $370.00 in a report on Monday, February 5th. Rosenblatt Securities lowered Charter Communications from a “buy” rating to a “neutral” rating and reduced their target price for the company from $472.00 to $335.00 in a report on Tuesday, February 20th. Barclays reduced their target price on Charter Communications from $325.00 to $280.00 and set an “underweight” rating for the company in a report on Monday, February 5th. Wells Fargo & Company lowered Charter Communications from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $460.00 to $340.00 in a report on Monday, February 5th. Finally, 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 report on Monday, March 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $410.94.

Charter Communications Stock Up 2.0 %

Charter Communications stock opened at $293.51 on Thursday. The stock has a market cap of $42.63 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.43 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications, Inc. has a twelve month low of $270.41 and a twelve month high of $458.30. The company’s 50-day moving average price is $311.51 and its two-hundred day moving average price is $374.57.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same period in the prior year, the company earned $7.69 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. As a group, analysts expect that Charter Communications, Inc. will post 33.33 EPS for the current year.

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.