Grantham Mayo Van Otterloo & Co. LLC Sells 2,726 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 42.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,662 shares of the company’s stock after selling 2,726 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Charter Communications were worth $1,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. increased its stake in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 29 shares during the last quarter. Chemistry Wealth Management LLC grew its holdings in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after purchasing an additional 34 shares in the last quarter. Finally, Keybank National Association OH lifted its position in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock valued at $477,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $332.89 on Tuesday. The firm has a market cap of $47.25 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company’s fifty day simple moving average is $359.87 and its two-hundred day simple moving average is $357.76. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-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, topping 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 in the previous year, the firm earned $7.07 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CHTR shares. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. KeyCorp raised 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. Finally, Citigroup started coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $393.18.

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.