Geode Capital Management LLC Has $785.74 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Geode Capital Management LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,432,231 shares of the company's stock after acquiring an additional 13,430 shares during the period. Geode Capital Management LLC owned 1.71% of Charter Communications worth $785,744,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CHTR. Prestige Wealth Management Group LLC increased its stake in shares of Charter Communications by 20.8% in the third quarter. Prestige Wealth Management Group LLC now owns 1,850 shares of the company's stock valued at $600,000 after purchasing an additional 318 shares during the period. PYA Waltman Capital LLC increased its position in Charter Communications by 8.1% in the 3rd quarter. PYA Waltman Capital LLC now owns 16,685 shares of the company's stock valued at $5,407,000 after acquiring an additional 1,246 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Charter Communications by 7.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 35,435 shares of the company's stock valued at $11,484,000 after acquiring an additional 2,304 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Charter Communications by 95.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 10,635 shares of the company's stock worth $3,447,000 after acquiring an additional 5,199 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Charter Communications by 24.7% in the third quarter. MML Investors Services LLC now owns 2,925 shares of the company's stock worth $948,000 after purchasing an additional 579 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR stock traded up $9.96 during trading on Thursday, hitting $388.45. The company had a trading volume of 804,743 shares, compared to its average volume of 1,369,786. 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 company has a fifty day moving average price of $364.03 and a two-hundred day moving average price of $336.14. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market cap of $55.24 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.64 and a beta of 1.08.

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, topping analysts' consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $8.25 EPS. Equities research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of research analyst reports. Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target 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. Citigroup raised Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective on the stock in a research note on Wednesday, September 11th. Morgan Stanley raised their target price on Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $384.42.

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.