National Bank of Canada FI Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

National Bank of Canada FI boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 71.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,739 shares of the company's stock after purchasing an additional 28,536 shares during the quarter. National Bank of Canada FI's holdings in Charter Communications were worth $22,277,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC raised its holdings in Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% in the third 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 last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

NASDAQ CHTR traded up $12.00 on Tuesday, reaching $377.96. 1,738,195 shares of the company's stock traded hands, compared to its average volume of 1,373,116. The stock has a 50 day moving average price of $362.06 and a 200-day moving average price of $335.09. The firm has a market cap of $53.75 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.64 and a beta of 1.08. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week 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 earnings per share (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 business had revenue of $13.80 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. Equities research analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CHTR shares. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Citigroup upgraded Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Barclays lifted their price objective on Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $378.00.

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.