Thompson Siegel & Walmsley LLC purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the company's stock, valued at approximately $1,620,000.
A number of other hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC increased its holdings in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock valued at $903,932,000 after purchasing an additional 175,130 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock worth $212,998,000 after buying an additional 69,959 shares during the last quarter. First Pacific Advisors LP increased its stake in shares of Charter Communications by 2.0% during the second 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 period. Cryder Capital Partners LLP raised its holdings in shares of Charter Communications by 8.0% during the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock valued at $104,188,000 after acquiring an additional 348,299 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.
Charter Communications Stock Up 1.2 %
NASDAQ CHTR traded up $4.43 during mid-day trading on Friday, reaching $388.27. The stock had a trading volume of 1,080,239 shares, compared to its average volume of 1,580,086. The company has a fifty day moving average price of $348.11 and a 200 day moving average price of $325.06. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a market cap of $55.21 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating 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 company had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same period last year, the firm posted $8.25 earnings per share. Charter Communications's revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have recently commented on CHTR. Rosenblatt Securities raised their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Pivotal Research upped their target price on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. TD Cowen raised their target price on Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada upped their price target 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. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $379.06.
Check Out Our Latest Stock Analysis on Charter Communications
About Charter Communications
(
Free Report)
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.
Further Reading
Before you consider Charter Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charter Communications wasn't on the list.
While Charter Communications currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
