Cigna Investments Inc. New Has $324,000 Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cigna Investments Inc. New lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 943 shares of the company’s stock after selling 34 shares during the quarter. Cigna Investments Inc. New’s holdings in Charter Communications were worth $324,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after purchasing an additional 13,430 shares in the last quarter. FMR LLC boosted its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after buying an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP lifted its stake in Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 2.1 %

CHTR stock opened at $350.92 on Wednesday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock has a market cap of $49.90 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. The company has a fifty day moving average price of $357.80 and a two-hundred day moving average price of $354.31. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 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 prior year, the business posted $7.07 earnings per share. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHTR. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Pivotal Research raised their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Four equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.