Quantinno Capital Management LP Acquires 2,230 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Quantinno Capital Management LP boosted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 19.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,589 shares of the company's stock after buying an additional 2,230 shares during the quarter. Quantinno Capital Management LP's holdings in Charter Communications were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Capital Inc. increased its holdings in 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 acquiring an additional 10,950 shares during the last quarter. National Pension Service boosted its position 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 purchasing an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Charter Communications in the third quarter worth about $17,788,000. AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications in the second quarter valued at approximately $7,171,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after buying an additional 7,008 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Trading Down 0.3 %

NASDAQ:CHTR traded down $1.08 during midday trading on Friday, reaching $403.06. 825,662 shares of the stock traded hands, compared to its average volume of 1,162,804. The stock has a market capitalization of $57.32 billion, a P/E ratio of 12.62, a PEG ratio of 0.64 and a beta of 1.08. 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 company has a fifty day moving average of $361.22 and a 200 day moving average of $333.96. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate 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 was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.25 EPS. On average, research analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHTR shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Royal Bank of Canada raised their target price on Charter Communications from $345.00 to $390.00 and gave the stock a "sector perform" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Four 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $378.00.

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.