Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP cut its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,060 shares of the company’s stock after selling 127 shares during the quarter. Mount Lucas Management LP’s holdings in Charter Communications were worth $706,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amundi lifted its holdings in Charter Communications by 62.0% during the 4th quarter. Amundi now owns 288,559 shares of the company’s stock worth $100,799,000 after buying an additional 110,410 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in Charter Communications by 7.2% during the 4th quarter. Aviance Capital Partners LLC now owns 9,044 shares of the company’s stock worth $3,100,000 after buying an additional 604 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its holdings in Charter Communications by 17.6% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 735 shares of the company’s stock worth $252,000 after buying an additional 110 shares in the last quarter. Callan Family Office LLC acquired a new stake in Charter Communications during the 4th quarter worth approximately $1,861,000. Finally, E Fund Management Co. Ltd. lifted its holdings in Charter Communications by 30.3% during the 4th quarter. E Fund Management Co. Ltd. now owns 1,913 shares of the company’s stock worth $656,000 after buying an additional 445 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.9 %

Shares of Charter Communications stock opened at $379.52 on Monday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $53.97 billion, a P/E ratio of 10.86, a PEG ratio of 0.44 and a beta of 1.13. The company’s fifty day moving average is $354.80 and its two-hundred day moving average is $354.61.

Charter Communications (NASDAQ:CHTR) last issued 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 net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the company posted $7.07 EPS. Analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CHTR. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. BNP Paribas upgraded shares of 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. Royal Bank of Canada raised their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Finally, Barclays raised their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.