Sequoia Financial Advisors LLC Has $838,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Sequoia Financial Advisors LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,444 shares of the company’s stock after selling 174 shares during the period. Sequoia Financial Advisors LLC’s holdings in Charter Communications were worth $838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Geode Capital Management LLC increased its holdings in Charter Communications by 0.6% in the third 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 last quarter. FMR LLC increased its holdings in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after buying an additional 23,225 shares during the last quarter. Finally, First Pacific Advisors LP increased its holdings in Charter Communications by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock worth $210,503,000 after buying an additional 3,490 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $351.50 on Monday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a fifty day moving average price of $355.59 and a two-hundred day moving average price of $354.71. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The firm has a market capitalization of $49.98 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released 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 return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the company earned $7.07 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CHTR. Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Finally, Citigroup initiated coverage on Charter Communications in a research report on Friday. They set a “buy” rating and a $425.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $388.37.

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.