Kovitz Investment Group Partners LLC Buys 1,733 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Kovitz Investment Group Partners LLC boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 167.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,769 shares of the company's stock after acquiring an additional 1,733 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Charter Communications were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CHTR. Worldquant Millennium Advisors LLC boosted its stake in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock worth $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Cornerstone Capital Inc. raised its holdings in Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock worth $12,270,000 after purchasing an additional 10,950 shares during the period. National Pension Service lifted its position in Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company's stock valued at $55,746,000 after purchasing an additional 12,915 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Charter Communications during the third quarter valued at about $17,788,000. Finally, Charles Schwab Investment Management Inc. increased its position in Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock worth $267,267,000 after buying an additional 7,008 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $10.33 during midday trading on Thursday, reaching $388.82. 439,776 shares of the stock traded hands, compared to its average volume of 1,368,169. The company's 50 day moving average is $364.03 and its 200 day moving average is $336.14. 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 current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $55.29 billion, a PE ratio of 12.06, a P/E/G ratio of 0.64 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $8.25 earnings per share. On average, equities research analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CHTR shares. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Royal Bank of Canada upped 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. KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research report on Thursday. Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 target price on the stock. in a research note on Monday, September 30th. Finally, Citigroup upgraded Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target for the company in a research note on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $384.42.

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.