Amica Retiree Medical Trust Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

Amica Retiree Medical Trust lowered its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,324 shares of the company’s stock after selling 201 shares during the period. Amica Retiree Medical Trust’s holdings in Charter Communications were worth $797,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP acquired a new position in Charter Communications in the third quarter worth about $48,200,000. Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Amundi raised its stake in Charter Communications by 62.0% during the fourth quarter. Amundi now owns 288,559 shares of the company’s stock valued at $100,799,000 after buying an additional 110,410 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Charter Communications during the 4th quarter worth approximately $33,485,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research analyst reports. StockNews.com lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays increased their target price 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. 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 note on Thursday, December 12th. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $389.39.

Charter Communications Stock Up 2.6 %

Shares of CHTR stock opened at $384.77 on Thursday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year 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 business’s fifty day moving average is $358.64 and its 200-day moving average is $355.96. The stock has a market cap of $54.71 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $7.07 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications 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.