Ameriprise Financial Inc. Sells 1,040 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Ameriprise Financial Inc. cut its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,539 shares of the company’s stock after selling 1,040 shares during the quarter. Ameriprise Financial Inc.’s holdings in Charter Communications were worth $13,553,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CHTR. Norges Bank bought a new position in Charter Communications in the fourth quarter worth about $1,032,236,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after acquiring an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after acquiring an additional 609,554 shares in the last quarter. LSV Asset Management increased its holdings in shares of Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after acquiring an additional 175,205 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Charter Communications by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock valued at $308,795,000 after acquiring an additional 161,547 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent analyst reports. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a report on Friday. Loop Capital upped their price objective on shares of Charter Communications from $385.00 to $430.00 and gave the company a “hold” rating in a report on Monday, April 28th. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Morgan Stanley upped their target price on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Finally, Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $404.94.

Charter Communications Trading Up 1.8%

Shares of NASDAQ:CHTR opened at $427.25 on Friday. Charter Communications, Inc. has a 1 year low of $266.06 and a 1 year high of $437.06. The firm has a market capitalization of $59.97 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average price is $365.54 and its 200-day moving average price is $366.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. During the same quarter last year, the business earned $7.55 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Company 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.