Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 54,889 shares of the company's stock, valued at approximately $17,788,000.
Other institutional investors also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at about $28,000. CVA Family Office LLC lifted its position in shares of 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 purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in Charter Communications in the first quarter worth about $34,000. Finally, Grove Bank & Trust raised its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after buying an additional 34 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CHTR has been the topic of several research reports. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and upped their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Citigroup raised shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 target price on the stock in a report on Wednesday, September 11th. Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. TD Cowen boosted their price objective on Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Finally, Rosenblatt Securities raised their target price on Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications presently has an average rating of "Hold" and a consensus target price of $379.06.
View Our Latest Analysis on CHTR
Charter Communications Trading Down 0.9 %
Shares of CHTR stock traded down $3.38 during trading hours on Thursday, reaching $385.74. 73,992 shares of the stock traded hands, compared to its average volume of 1,380,984. The business has a fifty day moving average price of $346.25 and a 200 day moving average price of $323.84. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market capitalization of $54.85 billion, a PE ratio of 12.19, a PEG ratio of 0.61 and a beta of 1.03.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results 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 net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the business earned $8.25 EPS. The company's revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current year.
Charter Communications Profile
(
Free Report)
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.
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