Pacer Advisors Inc. Increases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Pacer Advisors Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,249 shares of the company's stock after purchasing an additional 5,936 shares during the period. Pacer Advisors Inc.'s holdings in Charter Communications were worth $6,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings 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 in 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 acquiring an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP purchased a new stake in shares of Charter Communications in the 3rd quarter valued at about $48,200,000. Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $244,720,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Down 6.3 %

Shares of NASDAQ:CHTR traded down $22.71 during midday trading on Thursday, hitting $336.62. The company had a trading volume of 3,257,945 shares, compared to its average volume of 1,221,963. The stock has a market cap of $47.87 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.46 and a beta of 1.10. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The firm has a fifty day simple moving average of $365.08 and a 200 day simple moving average of $352.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter in the prior year, the business posted $8.25 EPS. The business's revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post 34.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CHTR. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Finally, Benchmark increased their target price on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of "Hold" and an average target price of $383.89.

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.