Y Intercept Hong Kong Ltd Has $809,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Y Intercept Hong Kong Ltd lowered its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 77.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,361 shares of the company’s stock after selling 8,274 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Charter Communications were worth $809,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHTR. FMR LLC lifted its stake in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares in the last quarter. Fernbridge Capital Management LP bought a new position in Charter Communications in the third quarter valued at approximately $48,200,000. Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Empirical Asset Management LLC bought a new position in Charter Communications in the fourth quarter valued at approximately $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Charter Communications in the third quarter valued at approximately $17,788,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CHTR shares. Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research note on Thursday, December 12th. Barclays boosted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Performance

NASDAQ CHTR opened at $363.57 on Friday. 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 firm’s fifty day moving average price is $352.29 and its two-hundred day moving average price is $353.72. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a market capitalization of $51.70 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the company earned $7.07 EPS. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.