Assenagon Asset Management S.A. Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Assenagon Asset Management S.A. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,526 shares of the company's stock after purchasing an additional 1,770 shares during the period. Assenagon Asset Management S.A. owned about 0.18% of Charter Communications worth $86,216,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Pivotal Research raised their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Wolfe Research downgraded Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 target price for the company. in a report on Monday, September 30th. Finally, Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $383.89.

Charter Communications Stock Down 0.4 %

Charter Communications stock traded down $1.32 during mid-day trading on Thursday, reaching $346.68. 747,906 shares of the company were exchanged, compared to its average volume of 1,048,921. The business has a fifty day moving average of $372.10 and a 200 day moving average of $348.73. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $49.30 billion, a P/E ratio of 10.86, a PEG ratio of 0.48 and a beta of 1.10. 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 issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.25 EPS. Research analysts anticipate that Charter Communications, Inc. will post 34.46 earnings per share for the current fiscal 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.