International Assets Investment Management LLC Invests $244.72 Million in Charter Communications, Inc. (NASDAQ:CHTR)

International Assets Investment Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 75,511 shares of the company's stock, valued at approximately $244,720,000. International Assets Investment Management LLC owned approximately 0.05% of Charter Communications as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CVA Family Office LLC raised its holdings in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company's stock worth $33,000 after acquiring an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications during the first quarter valued at $34,000. Grove Bank & Trust boosted its position in shares of 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 during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company's stock worth $48,000 after buying an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new position in Charter Communications in the 2nd quarter worth about $50,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR stock traded up $3.98 during midday trading on Friday, hitting $336.00. The company's stock had a trading volume of 905,376 shares, compared to its average volume of 1,363,737. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $424.86. The company has a 50 day moving average of $334.49 and a two-hundred day moving average of $308.65. The firm has a market capitalization of $48.39 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHTR shares. The Goldman Sachs Group started coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a "sell" rating and a $250.00 price target for the company. TD Cowen lifted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Barclays raised their price target on Charter Communications from $250.00 to $300.00 and gave the stock an "underweight" rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Charter Communications from $300.00 to $325.00 and gave the company a "hold" rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company boosted their price target on Charter Communications from $260.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average target price of $356.41.

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.