Advisors Asset Management Inc. Buys 2,729 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Advisors Asset Management Inc. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,587 shares of the company's stock after acquiring an additional 2,729 shares during the quarter. Advisors Asset Management Inc.'s holdings in Charter Communications were worth $13,478,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Reston Wealth Management LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at $28,000. CVA Family Office LLC grew its holdings in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company's stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications in the first quarter worth $34,000. Finally, Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. Pivotal Research boosted their target price on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Citigroup raised shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Finally, 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. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $379.06.

Charter Communications Trading Up 1.1 %

NASDAQ CHTR traded up $4.28 during trading on Wednesday, hitting $389.12. 805,554 shares of the company's stock traded hands, compared to its average volume of 1,386,793. 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 stock has a fifty day moving average of $345.02 and a two-hundred day moving average of $323.38. The firm has a market cap of $55.33 billion, a P/E ratio of 12.05, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

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 analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 EPS. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.