Dynamic Technology Lab Private Ltd Has $971,000 Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Dynamic Technology Lab Private Ltd reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 80.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,833 shares of the company’s stock after selling 11,543 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Charter Communications were worth $971,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lind Value II ApS acquired a new stake in shares of Charter Communications during the 4th quarter worth $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC increased its holdings in Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares during the period. Caprock Group LLC raised its position in shares of Charter Communications by 39.7% in the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after buying an additional 999 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 4.9% during the 3rd 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 during the period. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the topic of a number of recent analyst reports. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Finally, StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $393.18.

Charter Communications Trading Down 8.2 %

NASDAQ CHTR opened at $338.29 on Monday. The firm has a market capitalization of $48.02 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. The business’s 50-day moving average price is $360.56 and its two-hundred day moving average price is $357.75. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 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 in the previous year, the firm earned $7.07 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current 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.