Natixis Advisors LLC Raises Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Natixis Advisors LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,529 shares of the company's stock after buying an additional 4,302 shares during the period. Natixis Advisors LLC's holdings in Charter Communications were worth $11,515,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the third quarter worth $28,000. CVA Family Office LLC raised its position in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company's stock valued at $33,000 after buying an additional 110 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Charter Communications in the first quarter worth about $34,000. Finally, Grove Bank & Trust boosted its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays boosted their target price on Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Morgan Stanley boosted 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, November 4th. Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Finally, Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $379.06.

Charter Communications Stock Up 1.1 %

NASDAQ:CHTR opened at $389.12 on Thursday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock's fifty day moving average is $346.25 and its two-hundred day moving average is $323.84. The stock has a market capitalization of $55.33 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $8.25 EPS. Research analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

Charter Communications Profile

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.