National Pension Service Boosts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

National Pension Service boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,013 shares of the company's stock after purchasing an additional 12,915 shares during the period. National Pension Service owned about 0.12% of Charter Communications worth $55,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CHTR. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the third quarter valued at approximately $26,000. CVA Family Office LLC lifted its position in shares of 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 purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of Charter Communications during the 1st quarter valued at about $34,000. Grove Bank & Trust increased 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 period. Finally, Capital Advisors Ltd. LLC lifted its holdings in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

NASDAQ CHTR traded up $25.64 during trading hours on Wednesday, hitting $408.02. The company's stock had a trading volume of 2,412,006 shares, compared to its average volume of 1,387,289. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $421.16. The company's 50 day simple moving average is $334.95 and its two-hundred day simple moving average is $314.67. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. The company has a market cap of $58.24 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. The firm 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%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $8.25 earnings per share. As a group, sell-side analysts expect that Charter Communications, Inc. will post 32.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Pivotal Research upped their target price on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and raised their price objective for the company from $385.00 to $450.00 in a research report on Monday. Raymond James downgraded shares of Charter Communications from a "market perform" rating to an "underperform" rating in a research report on Monday, July 29th. Citigroup raised shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Charter Communications currently has an average rating of "Hold" and a consensus target price of $379.06.

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.