Corebridge Financial Inc. Sells 1,577 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Corebridge Financial Inc. lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,286 shares of the company’s stock after selling 1,577 shares during the quarter. Corebridge Financial Inc.’s holdings in Charter Communications were worth $12,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHTR. Avior Wealth Management LLC grew its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications during the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new position in shares of Charter Communications during the fourth quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Charter Communications in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $375.01 on Wednesday. The company’s fifty day simple moving average is $357.91 and its two-hundred day simple moving average is $355.75. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a market cap of $53.32 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the firm earned $7.07 EPS. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHTR. 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 report on Thursday, December 12th. Royal Bank of Canada increased their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Finally, Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $389.39.

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.