Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 42.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,554 shares of the company’s stock after selling 4,180 shares during the period. Thrivent Financial for Lutherans’ holdings in Charter Communications were worth $1,904,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Chemistry Wealth Management LLC boosted its stake in Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock valued at $310,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Charter Communications by 5.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after purchasing an additional 34 shares during the period. Keybank National Association OH increased its position in Charter Communications by 2.6% during the fourth quarter. Keybank National Association OH now owns 1,392 shares of the company’s stock worth $477,000 after purchasing an additional 35 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Charter Communications by 16.4% during the fourth quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after purchasing an additional 36 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of recent analyst reports. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Citigroup began coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $393.18.

Charter Communications Price Performance

CHTR stock opened at $369.02 on Friday. The business’s 50-day moving average is $359.70 and its two-hundred day moving average is $356.68. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $52.47 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $7.07 earnings per share. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.