Blueshift Asset Management LLC Reduces Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Blueshift Asset Management LLC lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 71.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,540 shares of the company’s stock after selling 8,949 shares during the quarter. Blueshift Asset Management LLC’s holdings in Charter Communications were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its holdings in shares of Charter Communications by 46.3% in the 3rd quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock valued at $363,000 after buying an additional 355 shares during the period. Natixis Advisors LLC raised its holdings in shares of Charter Communications by 13.8% in the third quarter. Natixis Advisors LLC now owns 35,529 shares of the company’s stock worth $11,515,000 after acquiring an additional 4,302 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Charter Communications by 146.3% in the third quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock valued at $3,154,000 after purchasing an additional 5,782 shares during the period. AMG National Trust Bank purchased a new stake in Charter Communications during the third quarter valued at about $1,111,000. Finally, Quest Partners LLC purchased a new stake in Charter Communications during the third quarter valued at about $616,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. 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 report on Tuesday, November 26th. Citigroup assumed coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $389.39.

Charter Communications Stock Down 0.4 %

Shares of NASDAQ:CHTR opened at $353.02 on Thursday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $50.20 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.44 and a beta of 1.13. The stock has a 50 day moving average price of $355.90 and a 200-day moving average price of $354.77.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) 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 in the prior year, the company posted $7.07 EPS. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 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.