E Fund Management Co. Ltd. Sells 163 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

E Fund Management Co. Ltd. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,409 shares of the company’s stock after selling 163 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Charter Communications were worth $548,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of Charter Communications by 87.9% during the third quarter. Commonwealth Equity Services LLC now owns 10,777 shares of the company’s stock valued at $4,740,000 after buying an additional 5,043 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Charter Communications by 5.9% in the third quarter. IFM Investors Pty Ltd now owns 20,380 shares of the company’s stock valued at $8,964,000 after purchasing an additional 1,137 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Charter Communications in the third quarter valued at $243,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Charter Communications by 18.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 146,015 shares of the company’s stock valued at $64,220,000 after purchasing an additional 23,010 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Charter Communications by 10.9% in the third quarter. Chicago Partners Investment Group LLC now owns 868 shares of the company’s stock valued at $373,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 1.8 %

CHTR traded up $4.78 during mid-day trading on Wednesday, hitting $272.78. 3,248,447 shares of the stock were exchanged, compared to its average volume of 1,582,896. The firm’s fifty day moving average is $276.92 and its two-hundred day moving average is $337.76. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a market cap of $39.29 billion, a PE ratio of 8.82, a PEG ratio of 1.07 and a beta of 0.97. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. Charter Communications’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $6.65 earnings per share. Equities analysts forecast that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CHTR. Loop Capital lowered their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, March 18th. Bank of America decreased their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Citigroup decreased their price objective on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, UBS Group decreased their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $356.47.

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.