Korea Investment CORP Sells 11,690 Shares of Charter Communications, Inc. $CHTR

Korea Investment CORP decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,822 shares of the company’s stock after selling 11,690 shares during the quarter. Korea Investment CORP’s holdings in Charter Communications were worth $17,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in Charter Communications in the 2nd quarter worth approximately $1,145,387,000. Vanguard Group Inc. boosted its position in Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after buying an additional 1,130,648 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Charter Communications by 79.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 1,352,359 shares of the company’s stock valued at $372,041,000 after buying an additional 597,933 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Charter Communications by 33.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,899,330 shares of the company’s stock worth $522,534,000 after acquiring an additional 473,546 shares during the last quarter. Finally, Lind Value II ApS bought a new stake in shares of Charter Communications during the third quarter worth $60,646,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHTR. Williams Trading set a $437.00 price target on Charter Communications in a report on Monday, February 2nd. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. BNP Paribas Exane lowered their price target on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company boosted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Trading Down 1.6%

NASDAQ CHTR opened at $219.33 on Wednesday. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06. The stock has a 50-day simple moving average of $216.03 and a 200 day simple moving average of $229.37. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The company has a market capitalization of $27.77 billion, a PE ratio of 6.05, a P/E/G ratio of 0.35 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $10.10 EPS. Research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.