Oddo BHF Asset Management Sas Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Oddo BHF Asset Management Sas purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,150 shares of the company's stock, valued at approximately $1,345,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the third quarter worth approximately $28,000. Grove Bank & Trust raised its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after buying an additional 34 shares during the period. CVA Family Office LLC raised its stake in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock valued at $51,000 after buying an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR traded down $8.67 during trading on Friday, hitting $379.78. 807,285 shares of the stock traded hands, compared to its average volume of 1,367,456. The business has a 50 day moving average price of $366.42 and a 200 day moving average price of $337.25. The company has a market cap of $54.00 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the firm posted $8.25 earnings per share. Charter Communications's revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of research analyst reports. KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research note on Thursday. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Royal Bank of Canada increased their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus target price of $384.42.

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.