National Pension Service Sells 9,641 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

National Pension Service trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,372 shares of the company’s stock after selling 9,641 shares during the quarter. National Pension Service owned approximately 0.11% of Charter Communications worth $55,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lake Street Advisors Group LLC boosted its stake in Charter Communications by 7.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 1,141 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the period. Los Angeles Capital Management LLC boosted its stake in Charter Communications by 266.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 68,607 shares of the company’s stock worth $23,516,000 after purchasing an additional 49,902 shares during the period. BankPlus Trust Department bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $71,000. Colonial River Investments LLC boosted its position in shares of Charter Communications by 21.0% during the 4th quarter. Colonial River Investments LLC now owns 854 shares of the company’s stock valued at $293,000 after acquiring an additional 148 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $55,000. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research reports. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Benchmark reiterated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

CHTR stock opened at $359.04 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business’s fifty day simple moving average is $352.05 and its two-hundred day simple moving average is $353.63. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The firm has a market cap of $51.05 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the business earned $7.07 EPS. Analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.