Renaissance Technologies LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 43.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,900 shares of the company’s stock after selling 122,400 shares during the period. Renaissance Technologies LLC owned 0.07% of Charter Communications worth $53,720,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Price Capital Management Inc. acquired a new position in shares of Charter Communications in the fourth quarter valued at $101,000. Kings Point Capital Management increased its holdings in shares of Charter Communications by 68.4% in the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after purchasing an additional 141 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Charter Communications by 109.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after purchasing an additional 214 shares during the last quarter. CLS Investments LLC increased its holdings in shares of Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after purchasing an additional 426 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new position in shares of Charter Communications in the fourth quarter valued at $151,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
CHTR has been the topic of several research reports. Citigroup reiterated a “buy” rating and issued a $436.00 price objective (down from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Buckingham Research initiated coverage on shares of Charter Communications in a report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price objective on the stock. BidaskClub downgraded shares of Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, March 2nd. Finally, Pivotal Research restated a “buy” rating and issued a $500.00 price target (up from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. Charter Communications currently has an average rating of “Hold” and an average target price of $405.50.
CHTR opened at $310.67 on Friday. Charter Communications, Inc. has a twelve month low of $298.67 and a twelve month high of $408.83. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $74,339.94, a P/E ratio of 117.23, a PEG ratio of 3.44 and a beta of 1.17.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the business posted $1.67 earnings per share. Charter Communications’s revenue was up 3.2% compared to the same quarter last year. analysts anticipate that Charter Communications, Inc. will post 4.32 EPS for the current fiscal year.
In related news, EVP Jonathan Hargis sold 27,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the completion of the sale, the executive vice president now owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.83% of the company’s stock.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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