AustralianSuper Pty Ltd Has $7.83 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

AustralianSuper Pty Ltd cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 8.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,830 shares of the company’s stock after selling 1,997 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Charter Communications were worth $7,825,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the third quarter valued at $28,000. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Charter Communications in the fourth quarter valued at $45,000. Finally, Capital Advisors Ltd. LLC increased its stake in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” 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 price objective for the company in a report on Thursday, December 12th. Finally, Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $360.27 on Friday. The company’s 50-day moving average is $354.19 and its 200 day moving average is $354.12. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The company has a market capitalization of $51.23 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 previous year, the firm posted $7.07 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.