Victory Capital Management Inc. reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,087 shares of the company's stock after selling 3,497 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Charter Communications worth $31,464,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Charter Communications by 50.8% during the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company's stock valued at $2,658,000 after acquiring an additional 3,080 shares during the period. Cornerstone Capital Inc. boosted its stake in shares of Charter Communications by 40.7% in the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock valued at $12,270,000 after purchasing an additional 10,950 shares during the period. National Pension Service increased its stake in Charter Communications by 8.1% during the 3rd quarter. National Pension Service now owns 172,013 shares of the company's stock worth $55,746,000 after buying an additional 12,915 shares during the period. AustralianSuper Pty Ltd acquired a new stake in Charter Communications during the 2nd quarter worth approximately $7,171,000. Finally, Cetera Investment Advisers boosted its position in Charter Communications by 432.3% in the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company's stock valued at $2,150,000 after buying an additional 6,009 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.
Charter Communications Stock Performance
Shares of CHTR traded down $4.69 during mid-day trading on Friday, reaching $389.57. 1,027,888 shares of the company's stock were exchanged, compared to its average volume of 1,615,040. 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 stock has a market capitalization of $55.40 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $421.16. The business's fifty day simple moving average is $342.59 and its 200-day simple moving average is $321.24.
Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (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 firm had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently weighed in on CHTR. Citigroup raised Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their price target on shares of 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $379.06.
Check Out Our Latest Stock Analysis on CHTR
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.
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