1,902 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by Quest Partners LLC

Quest Partners LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,902 shares of the company's stock, valued at approximately $616,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC grew its stake in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock worth $903,932,000 after acquiring an additional 175,130 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock valued at $212,998,000 after purchasing an additional 69,959 shares in the last quarter. First Pacific Advisors LP increased its stake in Charter Communications by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company's stock valued at $183,144,000 after buying an additional 12,218 shares during the last quarter. Cryder Capital Partners LLP lifted its position in Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock worth $172,746,000 after buying an additional 39,334 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after buying an additional 348,299 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded up $4.43 during trading hours on Friday, reaching $388.27. 1,080,239 shares of the stock were exchanged, compared to its average volume of 1,580,086. The firm has a market capitalization of $55.21 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 0.61 and a beta of 1.03. The stock's fifty day simple moving average is $348.11 and its 200 day simple moving average is $325.06. 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, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CHTR shares. Barclays lifted their target price on Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Royal Bank of Canada increased their price objective on Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their target price 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. Finally, Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and a consensus price target of $379.06.

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.