Cheviot Value Management LLC Cuts Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cheviot Value Management LLC decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,836 shares of the company’s stock after selling 50 shares during the quarter. Cheviot Value Management LLC’s holdings in Charter Communications were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lind Value II ApS purchased a new stake in Charter Communications in the 4th quarter valued at $9,743,000. Oddo BHF Asset Management Sas purchased a new position in Charter Communications in the third quarter worth approximately $1,345,000. Caprock Group LLC increased its stake in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock worth $1,206,000 after acquiring an additional 999 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Charter Communications by 4.9% in the 3rd 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 last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Charter Communications by 17.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company’s stock worth $11,132,000 after purchasing an additional 4,813 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR opened at $335.33 on Friday. The company’s 50 day simple moving average is $355.12 and its 200-day simple moving average is $358.15. The firm has a market cap of $47.60 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

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 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 company posted $7.07 EPS. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BNP Paribas reiterated an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Citigroup initiated coverage on Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price target on the stock. Finally, Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $387.88.

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.