Schroder Investment Management Group Decreases Stake in Charter Communications, Inc. $CHTR

Schroder Investment Management Group reduced its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,986 shares of the company’s stock after selling 23,147 shares during the quarter. Schroder Investment Management Group’s holdings in Charter Communications were worth $26,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CHTR. Vanguard Group Inc. increased its holdings in Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after buying an additional 1,130,648 shares in the last quarter. State Street Corp lifted its stake in Charter Communications by 3.2% during the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after acquiring an additional 198,979 shares during the period. Norges Bank bought a new position in Charter Communications during the 2nd quarter valued at about $1,145,387,000. Geode Capital Management LLC boosted its holdings in shares of Charter Communications by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock valued at $1,056,800,000 after acquiring an additional 41,206 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Charter Communications by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,288,208 shares of the company’s stock valued at $629,498,000 after acquiring an additional 42,499 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $215.08 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $27.24 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02. The firm’s 50 day moving average price is $216.47 and its 200-day moving average price is $229.24. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (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 business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter last year, the firm posted $10.10 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. The Goldman Sachs Group dropped their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Williams Trading set a $437.00 target price on shares of Charter Communications in a research report on Monday, February 2nd. TD Cowen boosted their target price on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Sanford C. Bernstein set a $220.00 price target on Charter Communications in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $335.11.

Charter Communications Company Profile

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.