Harvest Fund Management Co. Ltd Lowers Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Harvest Fund Management Co. Ltd lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,310 shares of the company’s stock after selling 185 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Charter Communications were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHTR. Parnassus Investments LLC purchased a new position in Charter Communications during the third quarter worth approximately $508,684,000. Pzena Investment Management LLC boosted its position in Charter Communications by 21.0% during the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after purchasing an additional 253,324 shares in the last quarter. Allen Investment Management LLC boosted its position in Charter Communications by 25.4% during the third quarter. Allen Investment Management LLC now owns 873,714 shares of the company’s stock worth $384,277,000 after purchasing an additional 177,224 shares in the last quarter. Morgan Stanley lifted its position in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after acquiring an additional 161,830 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Charter Communications by 671.5% in the third quarter. Quadrature Capital Ltd now owns 140,296 shares of the company’s stock valued at $61,755,000 after acquiring an additional 122,110 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHTR. UBS Group decreased their target price on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Benchmark decreased their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Wells Fargo & Company reduced their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Finally, Rosenblatt Securities lowered their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $380.80.

Charter Communications Trading Down 0.6 %

Shares of CHTR stock traded down $1.61 on Wednesday, hitting $264.70. The stock had a trading volume of 1,130,078 shares, compared to its average volume of 1,578,187. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $38.44 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.46 and a beta of 0.96. Charter Communications, Inc. has a 1 year low of $254.31 and a 1 year high of $458.30. The company’s 50 day moving average price is $283.08 and its 200-day moving average price is $350.67.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same period in the previous year, the firm earned $7.69 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts anticipate that Charter Communications, Inc. will post 32.38 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.