Aigen Investment Management LP Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Aigen Investment Management LP lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 50.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 774 shares of the company’s stock after selling 787 shares during the period. Aigen Investment Management LP’s holdings in Charter Communications were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications in the 4th quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Charter Communications in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 0.9 %

Shares of CHTR stock opened at $379.52 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a market capitalization of $53.97 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The business’s fifty day moving average is $354.80 and its 200 day moving average is $354.54.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 firm earned $7.07 EPS. On average, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHTR. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Barclays lifted their price target 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. Benchmark reaffirmed a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. 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 report on Thursday, December 12th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $384.42.

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.