Nisa Investment Advisors LLC Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Nisa Investment Advisors LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,478 shares of the company's stock after buying an additional 4,813 shares during the quarter. Nisa Investment Advisors LLC's holdings in Charter Communications were worth $11,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CHTR. Assenagon Asset Management S.A. lifted its stake in shares of Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock valued at $80,941,000 after purchasing an additional 247,789 shares during the last quarter. FMR LLC lifted its position in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock valued at $345,128,000 after buying an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP purchased a new position in Charter Communications during the third quarter worth about $48,200,000. Franklin Resources Inc. boosted its position in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at $244,720,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CHTR shares. Benchmark increased their price target on shares of Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Wolfe Research downgraded shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. Pivotal Research upped their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $383.89.

Charter Communications Trading Up 2.0 %

NASDAQ:CHTR opened at $359.96 on Friday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a fifty day moving average price of $367.54 and a two-hundred day moving average price of $350.47. The stock has a market capitalization of $51.19 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.51 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating 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 firm had revenue of $13.80 billion during the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter last year, the business earned $8.25 earnings per share. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 34.62 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.