Quadrature Capital Ltd Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Quadrature Capital Ltd purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 33,871 shares of the company's stock, valued at approximately $10,978,000.

A number of other hedge funds have also bought and sold shares of CHTR. Cornerstone Capital Inc. lifted its position in shares of Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock worth $12,270,000 after buying an additional 10,950 shares during the last quarter. National Pension Service raised its stake in Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company's stock worth $55,746,000 after acquiring an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $17,788,000. AustralianSuper Pty Ltd acquired a new stake in Charter Communications in the second quarter worth $7,171,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after purchasing an additional 7,008 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Down 0.0 %

CHTR traded down $0.14 during midday trading on Thursday, hitting $401.98. 386,840 shares of the company's stock traded hands, compared to its average volume of 1,369,826. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $57.16 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08. The stock's fifty day simple moving average is $357.95 and its 200-day simple moving average is $332.16. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CHTR shares. Morgan Stanley increased their price target 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. Royal Bank of Canada lifted their target price on Charter Communications from $345.00 to $390.00 and gave the stock a "sector perform" rating in a report on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective for the company. in a research note on Monday, September 30th. Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 target price for the company in a report on Wednesday, September 11th. Finally, Barclays boosted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $378.00.

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.