Cresset Asset Management LLC Reduces Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Cresset Asset Management LLC lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 94.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,002 shares of the company’s stock after selling 33,469 shares during the period. Cresset Asset Management LLC’s holdings in Charter Communications were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CHTR. Norges Bank purchased a new stake in Charter Communications in the fourth quarter valued at approximately $1,032,236,000. Price T Rowe Associates Inc. MD boosted its position in Charter Communications by 822.8% in 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 buying an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after buying an additional 609,554 shares during the last quarter. LSV Asset Management lifted its holdings in Charter Communications by 8,343.1% in 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 during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Charter Communications by 21.9% in 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 during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. Citigroup boosted their price target on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a report on Monday, April 28th. Royal Bank of Canada boosted their price target on Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a report on Monday, April 28th. Loop Capital boosted their price target on Charter Communications from $385.00 to $430.00 and gave the company a “hold” rating in a report on Monday, April 28th. Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Finally, Morgan Stanley boosted their price target on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $399.35.

Charter Communications Stock Up 2.1%

NASDAQ CHTR opened at $411.13 on Wednesday. The business has a fifty day moving average price of $362.51 and a 200 day moving average price of $364.17. Charter Communications, Inc. has a one year low of $266.06 and a one year high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $57.71 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same period in the prior year, the company posted $7.55 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications 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.