Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,310 shares of the company’s stock after selling 185 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Charter Communications were worth $509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in Charter Communications by 21.0% during the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after purchasing an additional 253,324 shares in the last quarter. Morgan Stanley raised its holdings in Charter Communications by 15.8% during the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after purchasing an additional 161,830 shares in the last quarter. Parnassus Investments LLC bought a new stake in Charter Communications during the third quarter worth approximately $508,684,000. Northern Trust Corp raised its holdings in Charter Communications by 2.2% during the third quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after purchasing an additional 22,494 shares in the last quarter. Finally, Allen Investment Management LLC raised its holdings in Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after purchasing an additional 177,224 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHTR. UBS Group dropped their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Barclays dropped their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Wells Fargo & Company dropped their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Rosenblatt Securities dropped their price target on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $380.80.

Charter Communications Price Performance

Charter Communications stock traded down $1.61 during trading hours on Wednesday, hitting $264.70. 1,130,078 shares of the stock were exchanged, compared to its average volume of 1,578,187. Charter Communications, Inc. has a 12 month low of $254.31 and a 12 month high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day moving average is $283.08 and its two-hundred day moving average is $350.67. The stock has a market capitalization of $38.44 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.46 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS 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 for the quarter, compared to the consensus estimate of $13.70 billion. During the same period last year, the company earned $7.69 earnings per share. Charter Communications’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 32.38 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.