New York Life Investment Management LLC Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

New York Life Investment Management LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,735 shares of the company’s stock after selling 84 shares during the period. New York Life Investment Management LLC’s holdings in Charter Communications were worth $6,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications during the fourth quarter valued at $44,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after acquiring an additional 27 shares during the last quarter. Bourgeon Capital Management LLC boosted its stake in shares of Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after purchasing an additional 90 shares during the period. Finally, NBC Securities Inc. purchased a new stake in Charter Communications in the 3rd quarter worth about $56,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $265.93 on Friday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The company has a market capitalization of $38.62 billion, a PE ratio of 8.60, a P/E/G ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. The company has a 50-day simple moving average of $278.46 and a two-hundred day simple moving average of $342.90.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $6.65 EPS. Research analysts expect that Charter Communications, Inc. will post 32.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHTR shares. Bank of America cut their target price on Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Citigroup reduced their target price on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Benchmark reduced their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, Pivotal Research dropped their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. One investment 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, Charter Communications currently has an average rating of “Hold” and a consensus target price of $356.47.

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.