Voyager Global Management LP Sells 120,000 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Voyager Global Management LP cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 600,000 shares of the company’s stock after selling 120,000 shares during the period. Charter Communications makes up approximately 8.2% of Voyager Global Management LP’s investment portfolio, making the stock its 6th largest holding. Voyager Global Management LP’s holdings in Charter Communications were worth $205,662,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Charter Communications in the 4th quarter valued at $1,032,236,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 worth $433,167,000 after acquiring an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 purchasing an additional 609,554 shares during the period. LSV Asset Management lifted its holdings in shares of Charter Communications by 8,343.1% during the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after purchasing an additional 175,205 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock valued at $308,795,000 after purchasing an additional 161,547 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CHTR shares. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Benchmark reaffirmed 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 lifted their price target on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, Citigroup initiated coverage on Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $387.88.

Charter Communications Stock Down 0.6 %

Charter Communications stock opened at $335.33 on Friday. 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’s 50-day moving average is $355.12 and its 200-day moving average is $358.15. The firm has a market capitalization of $47.60 billion, a PE ratio of 9.59, a P/E/G 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 released 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 business earned $7.07 EPS. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share 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.