EP Wealth Advisors LLC Trims Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

EP Wealth Advisors LLC cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 41.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 737 shares of the company’s stock after selling 513 shares during the quarter. EP Wealth Advisors LLC’s holdings in Charter Communications were worth $253,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CHTR. Norges Bank purchased a new position in Charter Communications during the fourth quarter worth about $1,032,236,000. Price T Rowe Associates Inc. MD lifted its position in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after buying an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Charter Communications by 130.1% during the fourth 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 during the period. LSV Asset Management lifted its position in Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock worth $60,775,000 after buying an additional 175,205 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Charter Communications by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock worth $308,795,000 after buying an additional 161,547 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHTR shares. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Morgan Stanley raised their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Loop Capital raised their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a report on Monday, April 28th. Royal Bank of Canada raised their price objective on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a report on Monday, April 28th. Finally, BNP Paribas restated an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $399.35.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $411.13 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $415.27. The business has a 50 day moving average price of $362.51 and a two-hundred day moving average price of $364.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $57.71 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the business earned $7.55 EPS. Charter Communications’s revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.