Lind Value II ApS Purchases New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Lind Value II ApS acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,425 shares of the company's stock, valued at approximately $9,743,000. Charter Communications comprises about 4.3% of Lind Value II ApS's investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock worth $2,388,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company's stock valued at $314,000 after purchasing an additional 32 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares during the last quarter. CVA Family Office LLC lifted its holdings in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Up 0.5 %

NASDAQ:CHTR traded up $1.71 during trading hours on Wednesday, reaching $348.00. The company's stock had a trading volume of 1,311,305 shares, compared to its average volume of 1,082,367. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The business's 50-day moving average is $373.30 and its 200-day moving average is $348.74. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $49.48 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the company earned $8.25 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. Barclays upped their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Royal Bank of Canada dropped their target price on shares of Charter Communications from $390.00 to $380.00 and set a "sector perform" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $383.89.

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.