Natixis Advisors LLC Trims Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Natixis Advisors LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,503 shares of the company’s stock after selling 1,026 shares during the quarter. Natixis Advisors LLC’s holdings in Charter Communications were worth $11,827,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Charter Communications by 4.9% during the 3rd 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 raised its position in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC lifted its stake in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 23,225 shares during the period. Finally, First Pacific Advisors LP increased its stake in Charter Communications by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after purchasing an additional 3,490 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

NASDAQ CHTR opened at $353.02 on Thursday. The firm has a market capitalization of $50.20 billion, a PE ratio of 10.10, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company’s 50 day simple moving average is $355.90 and its 200 day simple moving average is $354.77.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CHTR shares. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price target on the stock. 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. Finally, BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus 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.