7,414 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,414 shares of the company's stock, valued at approximately $2,402,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its position in shares of Charter Communications by 26.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,888 shares of the company's stock worth $625,000 after buying an additional 397 shares during the period. Geode Capital Management LLC grew its holdings in Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock worth $785,744,000 after acquiring an additional 13,430 shares during the period. Prestige Wealth Management Group LLC boosted its position in shares of Charter Communications by 20.8% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,850 shares of the company's stock worth $600,000 after purchasing an additional 318 shares during the last quarter. PYA Waltman Capital LLC grew its stake in shares of Charter Communications by 8.1% during the third quarter. PYA Waltman Capital LLC now owns 16,685 shares of the company's stock worth $5,407,000 after purchasing an additional 1,246 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Charter Communications by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 35,435 shares of the company's stock valued at $11,484,000 after purchasing an additional 2,304 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Down 0.7 %

Shares of NASDAQ:CHTR traded down $2.58 during midday trading on Wednesday, hitting $375.38. The stock had a trading volume of 424,287 shares, compared to its average volume of 1,369,015. The company has a market cap of $53.38 billion, a P/E ratio of 11.82, a PEG ratio of 0.64 and a beta of 1.08. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The business's 50-day simple moving average is $363.04 and its 200-day simple moving average is $335.84. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

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, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the business earned $8.25 EPS. Charter Communications's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHTR shares. Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Wolfe Research downgraded Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and raised their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Charter Communications has a consensus rating of "Hold" and an average target price of $378.00.

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.