Swiss National Bank lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 764,109 shares of the company’s stock after selling 103,100 shares during the quarter. Swiss National Bank’s holdings in Charter Communications were worth $256,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHTR. Price Capital Management Inc. bought a new stake in Charter Communications during the fourth quarter worth approximately $101,000. Huntington National Bank bought a new stake in Charter Communications during the third quarter worth approximately $128,000. Northwestern Mutual Wealth Management Co. raised its holdings in Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after purchasing an additional 214 shares in the last quarter. CLS Investments LLC raised its holdings in Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Charter Communications during the third quarter worth approximately $180,000. 72.05% of the stock is currently owned by institutional investors.

Charter Communications, Inc. (NASDAQ CHTR) opened at $349.43 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.40. The stock has a market cap of $86,677.88, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. Charter Communications, Inc. has a 12-month low of $308.30 and a 12-month high of $408.83.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. equities analysts forecast that Charter Communications, Inc. will post 4.55 EPS for the current year.

CHTR has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating and set a $436.00 target price (down previously from $453.00) on shares of Charter Communications in a report on Wednesday. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Royal Bank of Canada reissued a “buy” rating and set a $400.00 target price on shares of Charter Communications in a report on Thursday, November 2nd. Buckingham Research initiated coverage on Charter Communications in a report on Wednesday, December 13th. They set a “buy” rating and a $415.00 target price on the stock. Finally, Pivotal Research reissued a “buy” rating and set a $500.00 target price (up previously from $420.00) on shares of Charter Communications in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $396.11.

In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the transaction, the executive vice president now owns 34,931 shares in the company, valued at $12,741,431.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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