Rothschild & Co Wealth Management UK Ltd Decreases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Rothschild & Co Wealth Management UK Ltd reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 534,354 shares of the company’s stock after selling 845 shares during the period. Charter Communications makes up 3.4% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 11th largest holding. Rothschild & Co Wealth Management UK Ltd’s holdings in Charter Communications were worth $207,693,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Pzena Investment Management LLC boosted its stake in Charter Communications by 21.0% during the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the period. Morgan Stanley lifted its holdings in shares of 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 last quarter. Parnassus Investments LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth about $508,684,000. Wellington Management Group LLP grew its holdings in Charter Communications by 8.0% during the 1st quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company’s stock valued at $617,882,000 after purchasing an additional 84,302 shares during the last quarter. Finally, Northern Trust Corp raised its position in Charter Communications by 2.2% in the 3rd quarter. Northern Trust Corp now owns 1,048,544 shares of the company’s stock worth $461,171,000 after purchasing an additional 22,494 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 0.3 %

Shares of CHTR traded up $0.65 during trading hours on Wednesday, hitting $258.22. The company had a trading volume of 302,407 shares, compared to its average volume of 1,603,441. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The company has a market capitalization of $37.50 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. Charter Communications, Inc. has a one year low of $254.31 and a one year high of $458.30. The company’s fifty day moving average price is $285.75 and its two-hundred day moving average price is $356.67.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same period in the previous year, the firm earned $7.69 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts forecast that Charter Communications, Inc. will post 32.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several recent analyst reports. Bank of America dropped their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Wells Fargo & Company dropped their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Benchmark cut their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and an average price target of $380.80.

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.