Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by TIAA Trust National Association

TIAA Trust National Association reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,123 shares of the company’s stock after selling 76 shares during the quarter. TIAA Trust National Association’s holdings in Charter Communications were worth $385,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC grew its stake in shares of Charter Communications by 52.8% during the 3rd quarter. Intech Investment Management LLC now owns 2,959 shares of the company’s stock worth $959,000 after purchasing an additional 1,023 shares during the period. Cerity Partners LLC grew its position in Charter Communications by 62.8% during the third quarter. Cerity Partners LLC now owns 16,687 shares of the company’s stock worth $5,408,000 after buying an additional 6,435 shares during the period. Dai ichi Life Insurance Company Ltd increased its holdings in Charter Communications by 271.0% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 2,738 shares of the company’s stock valued at $887,000 after buying an additional 2,000 shares in the last quarter. FMR LLC lifted its position in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Finally, Townsquare Capital LLC boosted its stake in shares of Charter Communications by 16.8% during the 3rd quarter. Townsquare Capital LLC now owns 1,721 shares of the company’s stock worth $558,000 after acquiring an additional 248 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup assumed coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $393.18.

Charter Communications Trading Down 3.4 %

Shares of CHTR stock opened at $369.02 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The firm’s 50-day simple moving average is $359.70 and its 200-day simple moving average is $356.44. The firm has a market cap of $52.47 billion, a P/E ratio of 10.56, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating 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 previous year, the firm posted $7.07 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.