Fortis Capital Management LLC Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Fortis Capital Management LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,950 shares of the company’s stock after selling 1,127 shares during the quarter. Fortis Capital Management LLC’s holdings in Charter Communications were worth $4,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans raised its holdings in 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 acquiring an additional 5,782 shares in the last quarter. Quest Partners LLC acquired a new stake in Charter Communications in the third quarter valued at approximately $616,000. Pathstone Holdings LLC raised its holdings in Charter Communications by 5.0% in the third quarter. Pathstone Holdings LLC now owns 9,277 shares of the company’s stock valued at $3,006,000 after acquiring an additional 440 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Charter Communications in the third quarter valued at approximately $1,297,000. Finally, Intech Investment Management LLC raised its holdings in Charter Communications by 52.8% in the third quarter. Intech Investment Management LLC now owns 2,959 shares of the company’s stock valued at $959,000 after acquiring an additional 1,023 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ CHTR opened at $363.81 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. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The business’s 50-day moving average price is $356.74 and its 200 day moving average price is $355.00. The firm has a market cap of $51.73 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.44 and a beta of 1.13.

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 quarter last year, the company earned $7.07 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHTR. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. Barclays raised their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $389.39.

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.