Point72 Asia Singapore Pte. Ltd. Makes New $2.10 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,471 shares of the company's stock, valued at approximately $2,097,000.

Several other large investors also recently modified their holdings of CHTR. Glazer Capital LLC bought a new stake in shares of Charter Communications in the third quarter valued at $6,741,000. Point72 Europe London LLP lifted its holdings in Charter Communications by 260.4% during the 3rd quarter. Point72 Europe London LLP now owns 37,800 shares of the company's stock worth $12,250,000 after purchasing an additional 27,313 shares in the last quarter. Captrust Financial Advisors lifted its stake in Charter Communications by 7.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,240 shares of the company's stock worth $402,000 after purchasing an additional 84 shares in the last quarter. Woodson Capital Management LP bought a new stake in Charter Communications during the third quarter valued at $9,398,000. Finally, Hyperion Capital Advisors LP raised its holdings in shares of Charter Communications by 11.8% in the 3rd quarter. Hyperion Capital Advisors LP now owns 1,133 shares of the company's stock valued at $367,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on CHTR shares. JPMorgan Chase & Co. boosted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Bank of America upgraded Charter Communications from a "neutral" rating to a "buy" rating and raised their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Citigroup raised Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective for the company in a research note on Wednesday, September 11th. Finally, Pivotal Research increased their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" 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 five have assigned a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and an average price target of $378.00.

Charter Communications Price Performance

CHTR traded up $7.16 during trading on Monday, reaching $396.97. 553,485 shares of the company traded hands, compared to its average volume of 1,375,578. The company has a market cap of $56.45 billion, a P/E ratio of 12.43, a PEG ratio of 0.63 and a beta of 1.03. The firm has a fifty day simple moving average of $353.45 and a 200 day simple moving average of $329.97. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month 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.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same period in the prior year, the firm earned $8.25 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current year.

Charter Communications Company 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.