Aberdeen Group plc Has $8.86 Million Stock Position in Charter Communications, Inc. $CHTR

Aberdeen Group plc lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,214 shares of the company’s stock after selling 2,627 shares during the period. Aberdeen Group plc’s holdings in Charter Communications were worth $8,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Charter Communications by 0.5% during the second quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock valued at $3,365,203,000 after acquiring an additional 39,944 shares during the period. State Street Corp lifted its holdings in shares of Charter Communications by 3.2% in the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after purchasing an additional 198,979 shares in the last quarter. Norges Bank acquired a new stake in shares of Charter Communications in the second quarter worth $1,145,387,000. Geode Capital Management LLC grew its holdings in shares of Charter Communications by 1.6% during the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock valued at $1,056,800,000 after buying an additional 41,206 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Charter Communications by 0.7% during the second quarter. Invesco Ltd. now owns 1,848,370 shares of the company’s stock valued at $755,632,000 after buying an additional 13,563 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHTR shares. Citigroup reduced their price target on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday. Williams Trading set a $437.00 target price on Charter Communications in a research note on Monday, February 2nd. Wells Fargo & Company upped their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $335.67.

Charter Communications Trading Down 3.2%

CHTR opened at $231.54 on Friday. The stock has a market capitalization of $29.32 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.38 and a beta of 1.05. The firm’s fifty day simple moving average is $210.53 and its 200 day simple moving average is $233.10. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. Charter Communications’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.10 EPS. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.