Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Banco Santander S.A.

Banco Santander S.A. lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 54.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 708 shares of the company’s stock after selling 842 shares during the period. Banco Santander S.A.’s holdings in Charter Communications were worth $243,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after buying an additional 13,430 shares during the period. FMR LLC grew its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Charter Communications by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after buying an additional 23,225 shares during the period. Finally, Cryder Capital Partners LLP raised its holdings in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 1.6 %

Shares of Charter Communications stock opened at $373.52 on Tuesday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $53.11 billion, a P/E ratio of 10.68, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company’s fifty day moving average is $355.41 and its two-hundred day moving average is $354.84.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the company earned $7.07 EPS. Analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHTR. Benchmark reiterated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada increased their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $384.42.

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.