Chevy Chase Trust Holdings LLC Sells 1,895 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Chevy Chase Trust Holdings LLC cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,890 shares of the company’s stock after selling 1,895 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Charter Communications were worth $17,444,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lind Value II ApS bought a new position in shares of Charter Communications during the fourth quarter worth about $9,743,000. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC raised its position in shares of Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Caprock Group LLC raised its position in shares of 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. Finally, Franklin Resources Inc. raised its position in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Down 0.1 %

Shares of Charter Communications stock opened at $360.27 on Friday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The stock has a 50 day moving average price of $354.19 and a two-hundred day moving average price of $354.12. The stock has a market capitalization of $51.23 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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 firm earned $7.07 EPS. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHTR shares. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Finally, Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $384.42.

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.