Vanguard Group Inc. Sells 7,589 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Vanguard Group Inc. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,071,457 shares of the company’s stock after selling 7,589 shares during the period. Vanguard Group Inc. owned 0.06% of Charter Communications worth $2,766,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the 4th quarter worth $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new position in Charter Communications during the 4th quarter valued at about $45,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Charter Communications in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ CHTR opened at $375.01 on Wednesday. The stock has a market capitalization of $53.32 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.44 and a beta of 1.13. The stock has a 50-day moving average of $357.91 and a 200 day moving average of $355.75. 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, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share 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 in the prior year, the business posted $7.07 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 price objective on the stock. KeyCorp upgraded 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. Royal Bank of Canada upped 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 reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $389.39.

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.