Charles Schwab Investment Management Inc. Buys 7,008 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Charles Schwab Investment Management Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 824,696 shares of the company's stock after purchasing an additional 7,008 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.58% of Charter Communications worth $267,267,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Banco Santander S.A. increased its position in Charter Communications by 38.0% in the third quarter. Banco Santander S.A. now owns 1,550 shares of the company's stock worth $502,000 after purchasing an additional 427 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $1,620,000. Intech Investment Management LLC raised its stake in shares of Charter Communications by 52.8% during the third quarter. Intech Investment Management LLC now owns 2,959 shares of the company's stock worth $959,000 after buying an additional 1,023 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Charter Communications by 7.0% in the third quarter. Advisors Asset Management Inc. now owns 41,587 shares of the company's stock valued at $13,478,000 after buying an additional 2,729 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Charter Communications during the 3rd quarter worth $17,788,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 1.2 %

Shares of NASDAQ CHTR traded up $4.43 during mid-day trading on Friday, hitting $388.27. The company had a trading volume of 1,080,239 shares, compared to its average volume of 1,580,086. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a market capitalization of $55.21 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a 50-day simple moving average of $348.11 and a two-hundred day simple moving average of $325.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results 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 net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. During the same period last year, the business earned $8.25 earnings per share. The firm's revenue was up 1.6% on a year-over-year basis. On average, equities analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. 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. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Barclays upped their price target on Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a "sector perform" rating in a research report on Monday, November 4th. Finally, Morgan Stanley raised their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $379.06.

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.