Victory Capital Management Inc. Trims Position in Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 95,899 shares of the company’s stock after selling 1,188 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Charter Communications worth $32,871,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Keybank National Association OH raised its position in Charter Communications by 2.6% during the 4th quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after buying an additional 35 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Charter Communications by 35.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 981 shares of the company’s stock worth $337,000 after buying an additional 257 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after buying an additional 23,225 shares during the last quarter. Reaves W H & Co. Inc. raised its position in Charter Communications by 61.3% during the 4th quarter. Reaves W H & Co. Inc. now owns 122,153 shares of the company’s stock worth $41,870,000 after buying an additional 46,410 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Charter Communications during the 4th quarter worth approximately $201,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.9 %

Shares of CHTR opened at $379.52 on Monday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. 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 firm’s fifty day moving average is $354.80 and its two-hundred day moving average is $354.61. The stock has a market cap of $53.97 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $7.07 EPS. Research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. 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 company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $384.42.

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.