Pendal Group Ltd decreased its position in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,905 shares of the company's stock after selling 151 shares during the quarter. Pendal Group Ltd's holdings in Charter Communications were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC grew its position in Charter Communications by 72.9% in the third quarter. Hexagon Capital Partners LLC now owns 83 shares of the company's stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Accurate Wealth Management LLC bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $28,000. MCF Advisors LLC raised its holdings in Charter Communications by 69.5% during the 3rd quarter. MCF Advisors LLC now owns 100 shares of the company's stock valued at $30,000 after buying an additional 41 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Charter Communications by 292.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 110 shares of the company's stock worth $37,000 after buying an additional 82 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake in Charter Communications by 137.8% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 88 shares of the company's stock worth $41,000 after buying an additional 51 shares during the period. 66.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHTR shares. Wells Fargo & Company increased their target price on shares of Charter Communications from $340.00 to $410.00 and gave the company an "equal weight" rating in a research note on Monday, January 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Charter Communications from $450.00 to $425.00 in a research report on Monday, January 30th. UBS Group reduced their price target on Charter Communications to $406.00 in a report on Wednesday, December 14th. JPMorgan Chase & Co. cut their price objective on Charter Communications from $470.00 to $450.00 in a research report on Sunday, January 29th. Finally, Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $486.86.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Steven A. Miron purchased 2,500 shares of the firm's stock in a transaction on Tuesday, January 31st. The stock was bought at an average cost of $384.35 per share, for a total transaction of $960,875.00. Following the completion of the purchase, the director now owns 9,173 shares in the company, valued at approximately $3,525,642.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charter Communications news, Chairman Thomas Rutledge sold 30,000 shares of Charter Communications stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $383.64, for a total transaction of $11,509,200.00. Following the completion of the sale, the chairman now owns 17,493 shares of the company's stock, valued at approximately $6,711,014.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Miron purchased 2,500 shares of the company's stock in a transaction on Tuesday, January 31st. The shares were purchased at an average price of $384.35 per share, for a total transaction of $960,875.00. Following the purchase, the director now owns 9,173 shares in the company, valued at approximately $3,525,642.55. The disclosure for this purchase can be found here. Insiders own 1.96% of the company's stock.

Charter Communications Price Performance

Shares of CHTR stock opened at $349.71 on Thursday. The company has a market cap of $53.38 billion, a P/E ratio of 11.37, a PEG ratio of 0.44 and a beta of 1.12. The company has a debt-to-equity ratio of 7.66, a current ratio of 0.33 and a quick ratio of 0.33. The stock's 50-day moving average is $375.17 and its 200 day moving average is $361.29. Charter Communications, Inc. has a 1-year low of $297.66 and a 1-year high of $574.65.

Charter Communications (NASDAQ:CHTR – Get Rating) last issued its quarterly earnings data on Friday, January 27th. The company reported $7.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.03 by ($0.34). Charter Communications had a return on equity of 37.20% and a net margin of 9.36%. The firm had revenue of $13.67 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same period in the previous year, the firm earned $8.93 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. Research analysts predict that Charter Communications, Inc. will post 31.98 earnings per share for the current fiscal year.

Charter Communications Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

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