Yousif Capital Management LLC Has $6.24 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Yousif Capital Management LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 7.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,049 shares of the company’s stock after selling 1,380 shares during the period. Yousif Capital Management LLC’s holdings in Charter Communications were worth $6,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. AE Wealth Management LLC grew its stake in shares of Charter Communications by 59.1% in the 3rd quarter. AE Wealth Management LLC now owns 2,445 shares of the company’s stock valued at $1,075,000 after purchasing an additional 908 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Charter Communications in the 3rd quarter valued at $258,000. CX Institutional grew its position in Charter Communications by 2.3% in the third quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after acquiring an additional 27 shares during the period. UMB Bank n.a. raised its stake in Charter Communications by 28.5% during the third quarter. UMB Bank n.a. now owns 329 shares of the company’s stock worth $145,000 after acquiring an additional 73 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Charter Communications by 44.6% during the third quarter. Czech National Bank now owns 17,788 shares of the company’s stock valued at $7,824,000 after acquiring an additional 5,488 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHTR. Bank of America dropped their target price on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Pivotal Research cut their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. decreased their price target on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Finally, Benchmark decreased their target price on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $380.80.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $259.10 on Friday. The firm has a fifty day moving average of $281.92 and a two-hundred day moving average of $349.44. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $37.63 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.46 and a beta of 0.96. Charter Communications, Inc. has a 52 week low of $254.31 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter in the prior year, the company posted $7.69 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts predict that Charter Communications, Inc. will post 32.8 EPS for the current year.

About Charter Communications

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.