Healthcare of Ontario Pension Plan Trust Fund Buys New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 9,322 shares of the company's stock, valued at approximately $3,021,000.

Other institutional investors also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new position in Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications in the third quarter valued at approximately $28,000. CVA Family Office LLC grew its holdings in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company's stock worth $33,000 after acquiring an additional 110 shares during the period. Grove Bank & Trust lifted its holdings 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 acquiring an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company's stock valued at $48,000 after acquiring an additional 83 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.8 %

CHTR traded up $7.15 during trading on Friday, hitting $396.96. The company's stock had a trading volume of 553,485 shares, compared to its average volume of 1,478,226. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a market cap of $56.45 billion, a PE ratio of 12.43, a PEG ratio of 0.63 and a beta of 1.03. The firm's 50 day moving average price is $353.45 and its 200-day moving average price is $329.56. 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 earnings results on Friday, November 1st. The company reported $8.82 EPS 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 analyst estimates of $13.66 billion. During the same period in the prior year, the firm posted $8.25 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHTR. JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Barclays increased their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Citigroup raised Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target on the stock in a research note on Wednesday, September 11th. Wolfe Research downgraded Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective for the company. in a research note on Monday, September 30th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $378.00.

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.