Cornerstone Capital Inc. Purchases 10,950 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cornerstone Capital Inc. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 40.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,860 shares of the company's stock after acquiring an additional 10,950 shares during the quarter. Cornerstone Capital Inc.'s holdings in Charter Communications were worth $12,270,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $26,000. CVA Family Office LLC increased its stake in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company's stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications during the first quarter worth $34,000. Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company's stock valued at $48,000 after acquiring an additional 83 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday. Barclays increased their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research note on Monday. Rosenblatt Securities upped their price target on Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Morgan Stanley raised their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the company from $385.00 to $450.00 in a report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $379.06.

Charter Communications Stock Up 1.7 %

CHTR stock traded up $6.55 during mid-day trading on Tuesday, hitting $382.38. The stock had a trading volume of 1,574,294 shares, compared to its average volume of 1,381,467. The stock has a market capitalization of $54.58 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.66 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $422.92. The company has a fifty day moving average of $333.47 and a 200 day moving average of $313.19.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the firm posted $8.25 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post 32.51 EPS 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.