Xponance Inc. Has $8.76 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Xponance Inc. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,541 shares of the company’s stock after selling 953 shares during the quarter. Xponance Inc.’s holdings in Charter Communications were worth $8,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Trust Co. acquired a new position in shares of Charter Communications in the 4th quarter valued at approximately $7,235,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Charter Communications by 41.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 217 shares of the company’s stock valued at $84,000 after buying an additional 64 shares in the last quarter. Scissortail Wealth Management LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at approximately $496,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Charter Communications by 24.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,633 shares of the company’s stock valued at $21,623,000 after buying an additional 10,821 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. raised its position in shares of Charter Communications by 467.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,149 shares of the company’s stock valued at $1,224,000 after buying an additional 2,594 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. Bank of America dropped their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday. Wells Fargo & Company decreased their price target on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Benchmark decreased their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Finally, Barclays decreased their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Price Performance

CHTR traded up $2.07 on Friday, reaching $261.98. The company had a trading volume of 84,121 shares, compared to its average volume of 1,583,012. The business has a 50 day simple moving average of $284.78 and a 200 day simple moving average of $355.31. The company has a market cap of $38.05 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications, Inc. has a 52-week low of $254.31 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $7.69 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.38 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.