Mutual of America Capital Management LLC Reduces Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Mutual of America Capital Management LLC decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,481 shares of the company’s stock after selling 782 shares during the period. Mutual of America Capital Management LLC’s holdings in Charter Communications were worth $5,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Charter Communications by 9.7% during the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after buying an additional 1,311 shares during the period. River Road Asset Management LLC purchased a new position in Charter Communications during the third quarter valued at $29,948,000. Graham Capital Management L.P. lifted its position in Charter Communications by 354.7% during the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after buying an additional 11,805 shares during the period. DigitalBridge Group Inc. purchased a new position in Charter Communications during the third quarter valued at $16,411,000. Finally, Kinetic Partners Management LP lifted its position in Charter Communications by 51.3% during the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock valued at $78,200,000 after buying an additional 60,300 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 2.3 %

Charter Communications stock opened at $260.50 on Monday. The firm has a 50 day moving average of $287.34 and a 200 day moving average of $359.28. The firm has a market capitalization of $37.83 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 0.44 and a beta of 0.96. Charter Communications, Inc. has a 12-month low of $258.56 and a 12-month high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $7.69 earnings per share. As a group, research analysts predict that Charter Communications, Inc. will post 32.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Benchmark lowered their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Monday, March 18th. UBS Group dropped their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Rosenblatt Securities cut shares of Charter Communications from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $472.00 to $335.00 in a research note on Tuesday, February 20th. Finally, Barclays dropped their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $388.67.

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.