Triple Frond Partners LLC Trims Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Triple Frond Partners LLC lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 40.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 160,480 shares of the company’s stock after selling 110,260 shares during the quarter. Charter Communications comprises 7.1% of Triple Frond Partners LLC’s portfolio, making the stock its 6th largest holding. Triple Frond Partners LLC’s holdings in Charter Communications were worth $55,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans grew its position in Charter Communications by 146.3% in the third quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock worth $3,154,000 after acquiring an additional 5,782 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Charter Communications by 5.0% in the 3rd quarter. Pathstone Holdings LLC now owns 9,277 shares of the company’s stock worth $3,006,000 after purchasing an additional 440 shares during the period. Intech Investment Management LLC increased its position in shares of Charter Communications by 52.8% during the 3rd quarter. Intech Investment Management LLC now owns 2,959 shares of the company’s stock valued at $959,000 after purchasing an additional 1,023 shares during the last quarter. Cerity Partners LLC raised its holdings in Charter Communications by 62.8% during the 3rd quarter. Cerity Partners LLC now owns 16,687 shares of the company’s stock valued at $5,408,000 after buying an additional 6,435 shares during the period. Finally, Swedbank AB lifted its position in Charter Communications by 8.7% in the third quarter. Swedbank AB now owns 41,367 shares of the company’s stock worth $13,406,000 after buying an additional 3,298 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of analyst reports. 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 research report on Tuesday, November 26th. Citigroup initiated coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target on the stock. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $389.39.

Charter Communications Stock Up 1.0 %

Charter Communications stock opened at $367.50 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $52.26 billion, a P/E ratio of 10.51, a P/E/G ratio of 0.44 and a beta of 1.13. The business has a fifty day moving average of $357.33 and a two-hundred day moving average of $355.42. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its 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 period last year, the firm earned $7.07 EPS. On average, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications 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.