Point72 Asia Singapore Pte. Ltd. Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Point72 Asia Singapore Pte. Ltd. trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 88.1% during the 4th quarter, HoldingsChannel reports. The firm owned 771 shares of the company’s stock after selling 5,700 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Charter Communications were worth $264,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $1,032,236,000. Geode Capital Management LLC increased its position in Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after purchasing an additional 45,045 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after acquiring an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after acquiring an additional 609,554 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Charter Communications by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company’s stock worth $343,135,000 after purchasing an additional 142,883 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 1.4%

CHTR opened at $419.57 on Friday. Charter Communications, Inc. has a 1-year low of $266.06 and a 1-year high of $426.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $58.89 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.44 and a beta of 1.11. The business has a 50 day moving average of $364.11 and a 200-day moving average of $365.13.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHTR shares. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas reiterated an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Loop Capital increased their price target on shares of Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research note on Monday, April 28th. Finally, Morgan Stanley boosted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Five research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $399.35.

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.