Forsta AP Fonden Has $4.54 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Forsta AP Fonden cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 24.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,200 shares of the company’s stock after selling 4,900 shares during the quarter. Forsta AP Fonden’s holdings in Charter Communications were worth $4,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CHTR. Principal Securities Inc. acquired a new position in shares of Charter Communications in the fourth quarter worth $122,000. Jump Financial LLC acquired a new position in shares of Charter Communications in the fourth quarter worth $290,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Charter Communications by 7.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 620 shares of the company’s stock worth $241,000 after acquiring an additional 45 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in Charter Communications during the fourth quarter worth $1,438,000. Finally, Kentucky Retirement Systems increased its position in Charter Communications by 4.6% during the fourth quarter. Kentucky Retirement Systems now owns 8,048 shares of the company’s stock worth $3,128,000 after buying an additional 357 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 0.3 %

Shares of CHTR opened at $340.17 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The firm has a market capitalization of $48.56 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 0.61 and a beta of 1.05. The stock’s 50-day moving average price is $341.00 and its 200 day moving average price is $300.57.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. During the same period in the previous year, the company posted $8.05 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of several analyst reports. Bank of America increased their target price on shares of Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Barclays increased their target price on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 target price on the stock. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $360.93.

Charter Communications 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.