Neo Ivy Capital Management Lowers Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Neo Ivy Capital Management trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,648 shares of the company’s stock after selling 766 shares during the quarter. Neo Ivy Capital Management’s holdings in Charter Communications were worth $2,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC bought a new stake in Charter Communications during the 4th quarter valued at $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications during the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. raised its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR opened at $409.93 on Friday. The firm has a market capitalization of $57.54 billion, a PE ratio of 11.73, a P/E/G ratio of 0.44 and a beta of 1.11. The firm has a 50 day moving average of $370.88 and a two-hundred day moving average of $367.66. 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 $266.06 and a 12-month high of $437.06.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock 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 research note on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $409.39.

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.