Korea Investment CORP Has $17.28 Million Stock Holdings in Charter Communications, Inc. $CHTR

Korea Investment CORP trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 15.7% during the third quarter, HoldingsChannel reports. The firm owned 62,822 shares of the company’s stock after selling 11,690 shares during the quarter. Korea Investment CORP’s holdings in Charter Communications were worth $17,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CHTR. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Charter Communications by 49.7% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,400 shares of the company’s stock worth $1,210,000 after acquiring an additional 1,460 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Charter Communications in the third quarter worth about $3,365,000. First Trust Advisors LP raised its position in shares of Charter Communications by 27.4% during the third quarter. First Trust Advisors LP now owns 166,019 shares of the company’s stock worth $45,673,000 after purchasing an additional 35,665 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Charter Communications during the third quarter worth about $1,771,000. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Charter Communications by 34.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 3,240 shares of the company’s stock valued at $891,000 after purchasing an additional 823 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CHTR. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. Wells Fargo & Company lifted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Sanford C. Bernstein set a $220.00 price target on shares of Charter Communications in a report on Wednesday, January 28th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Finally, Williams Trading set a $437.00 price objective on shares of Charter Communications in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $335.11.

Charter Communications Stock Down 1.6%

NASDAQ:CHTR opened at $219.33 on Wednesday. The stock has a 50-day simple moving average of $216.03 and a 200 day simple moving average of $229.37. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a market cap of $27.77 billion, a PE ratio of 6.05, a PEG ratio of 0.35 and a beta of 1.02. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the previous year, the firm posted $10.10 EPS. The company’s revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.