Alliancebernstein L.P. Trims Position in Charter Communications, Inc. (NASDAQ:CHTR)

Alliancebernstein L.P. trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,876 shares of the company’s stock after selling 18,309 shares during the period. Alliancebernstein L.P. owned about 0.12% of Charter Communications worth $59,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of 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 purchasing an additional 148,003 shares during the period. Norges Bank purchased a new stake in shares of Charter Communications in the 4th quarter worth $1,032,236,000. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after buying an additional 13,430 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after buying an additional 609,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after acquiring an additional 23,225 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Down 8.2 %

NASDAQ CHTR opened at $338.29 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a fifty day simple moving average of $360.56 and a two-hundred day simple moving average of $357.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $48.02 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 last year, the business posted $7.07 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CHTR shares. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Friday. Citigroup started 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 for the company. Benchmark reiterated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $393.18.

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.