Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,500 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 14,829 shares of the company’s stock after selling 1,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Charter Communications were worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CHTR. Chemistry Wealth Management LLC lifted its position in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after buying an additional 30 shares during the last quarter. US Bancorp DE lifted its position in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the last quarter. Allworth Financial LP lifted its position in shares of Charter Communications by 16.4% during the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock valued at $90,000 after buying an additional 36 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Charter Communications by 5.8% during the 4th quarter. Brooklyn Investment Group now owns 671 shares of the company’s stock valued at $230,000 after buying an additional 37 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $358.59 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $50.99 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The business’s 50-day moving average price is $352.02 and its 200-day moving average price is $353.59. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating 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 firm posted $7.07 EPS. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent research reports. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Wells Fargo & Company increased their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Morgan Stanley increased their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $384.42.

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.