Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 6.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,806,973 shares of the company’s stock after selling 206,247 shares during the period. Charter Communications comprises approximately 3.3% of Pzena Investment Management LLC’s holdings, making the stock its 7th biggest position. Pzena Investment Management LLC owned 1.97% of Charter Communications worth $962,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares during the period. Geode Capital Management LLC boosted its holdings 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 boosted its holdings in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Charter Communications by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock valued at $290,642,000 after buying an additional 23,225 shares during the period. Finally, First Pacific Advisors LP lifted its position in Charter Communications by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock valued at $210,503,000 after purchasing an additional 3,490 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR opened at $373.52 on Tuesday. The firm’s 50 day moving average is $355.41 and its 200-day moving average is $354.84. The stock has a market capitalization of $53.11 billion, a P/E ratio of 10.68, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the previous year, the company posted $7.07 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.