Gateway Investment Advisers LLC Has $238,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Gateway Investment Advisers LLC lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 10.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 819 shares of the company’s stock after selling 95 shares during the period. Gateway Investment Advisers LLC’s holdings in Charter Communications were worth $238,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Charter Communications in the 4th quarter worth $310,727,000. Parnassus Investments LLC raised its holdings in Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after acquiring an additional 463,968 shares during the period. Capital International Investors raised its holdings in Charter Communications by 6.6% in the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after acquiring an additional 427,922 shares during the period. Putnam Investments LLC raised its holdings in Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares during the period. Finally, Morgan Stanley raised its holdings in Charter Communications by 15.8% in the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after acquiring an additional 161,830 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $291.59 on Thursday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30. The stock has a market cap of $42.00 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.08 and a beta of 1.04. The company has a fifty day moving average price of $272.66 and a two-hundred day moving average price of $306.69. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The business had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same period in the prior year, the business posted $6.65 earnings per share. Charter Communications’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Charter Communications, Inc. will post 32.44 EPS for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research reports. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a report on Monday, March 18th. Bank of America dropped their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. UBS Group dropped their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Pivotal Research dropped their price objective on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Rosenblatt Securities dropped their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $356.47.

Charter Communications Company 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.