Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 12,597.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,756 shares of the company's stock after purchasing an additional 247,789 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of Charter Communications worth $80,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors grew its stake in shares of Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company's stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Charter Communications by 96.5% in the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company's stock valued at $827,848,000 after acquiring an additional 1,399,034 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after acquiring an additional 348,299 shares in the last quarter. Zimmer Partners LP purchased a new stake in Charter Communications during the first quarter worth approximately $32,074,000. Finally, International Assets Investment Management LLC acquired a new position in Charter Communications in the third quarter valued at approximately $244,720,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CHTR shares. Wells Fargo & Company lifted their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, July 29th. Rosenblatt Securities boosted their target price on Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Citigroup raised Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Royal Bank of Canada initiated coverage on Charter Communications in a report on Thursday, September 19th. They issued a "sector perform" rating and a $345.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Charter Communications in a report on Monday, July 1st. They issued a "sell" rating and a $250.00 target price on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has a consensus rating of "Hold" and an average target price of $356.41.

Charter Communications Trading Down 0.1 %

Shares of NASDAQ:CHTR traded down $0.20 during trading on Thursday, reaching $332.02. The stock had a trading volume of 657,542 shares, compared to its average volume of 1,365,962. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $430.57. The business has a fifty day moving average price of $334.89 and a 200-day moving average price of $308.49. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock has a market cap of $47.82 billion, a P/E ratio of 10.74, a PEG ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating analysts' consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. Charter Communications's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $8.05 EPS. As a group, analysts anticipate that Charter Communications, Inc. will post 32.42 earnings per share for the current fiscal year.

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.