Versor Investments LP Acquires 6,677 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Versor Investments LP increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 666.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,679 shares of the company's stock after acquiring an additional 6,677 shares during the quarter. Charter Communications makes up 0.4% of Versor Investments LP's investment portfolio, making the stock its 27th largest position. Versor Investments LP's holdings in Charter Communications were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications during the 3rd quarter valued at approximately $28,000. CVA Family Office LLC grew its holdings in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company's stock worth $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications in the 1st quarter worth approximately $34,000. Finally, Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after purchasing an additional 34 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR traded up $2.33 during mid-day trading on Monday, hitting $396.04. 805,190 shares of the company traded hands, compared to its average volume of 1,385,059. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $421.16. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The stock has a 50-day moving average price of $336.70 and a two-hundred day moving average price of $316.82. The stock has a market cap of $56.32 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.63 and a beta of 1.03.

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 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 revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.25 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased 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. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Raymond James lowered shares of Charter Communications from a "market perform" rating to an "underperform" rating in a report on Monday, July 29th. Finally, TD Cowen upped their price target on Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.