20,800 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Purchased by Glazer Capital LLC

Glazer Capital LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,800 shares of the company's stock, valued at approximately $6,741,000.

Several other large investors have also made changes to their positions in the company. First Eagle Investment Management LLC boosted its stake in Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after purchasing an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock worth $80,941,000 after buying an additional 247,789 shares in the last quarter. FMR LLC lifted its position in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock worth $903,932,000 after acquiring an additional 175,130 shares during the last quarter. Finally, Fernbridge Capital Management LP bought a new position in shares of Charter Communications in the third quarter worth about $48,200,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 1.8 %

CHTR stock traded up $7.15 during midday trading on Friday, hitting $396.96. 553,485 shares of the company's stock were exchanged, compared to its average volume of 1,478,226. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. 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 company has a market cap of $56.45 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03. The stock's fifty day moving average price is $353.45 and its 200-day moving average price is $329.97.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.25 EPS. Research analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Benchmark boosted their target price on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Citigroup upgraded Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a "sector perform" rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus price target of $378.00.

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.