Baxter Bros Inc. Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Baxter Bros Inc. lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,350 shares of the company’s stock after selling 133 shares during the quarter. Baxter Bros Inc.’s holdings in Charter Communications were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after purchasing an additional 13,430 shares during the last quarter. FMR LLC increased its stake in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after acquiring an additional 23,225 shares during the period. Finally, First Pacific Advisors LP grew its position in Charter Communications by 0.6% during the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock worth $210,503,000 after buying an additional 3,490 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.0 %

CHTR opened at $367.50 on Tuesday. The firm has a 50 day simple moving average of $357.33 and a 200 day simple moving average of $355.42. 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 company has a market cap of $52.26 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the firm posted $7.07 earnings per share. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada raised their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $389.39.

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.