Virtu Financial LLC grew its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 262.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,731 shares of the company's stock after acquiring an additional 9,944 shares during the period. Virtu Financial LLC's holdings in Charter Communications were worth $4,450,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CHTR. Sequoia Financial Advisors LLC raised its position in shares of Charter Communications by 31.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,291 shares of the company's stock worth $685,000 after acquiring an additional 552 shares during the period. Diversified Trust Co acquired a new position in shares of Charter Communications in the second quarter worth about $248,000. Blue Trust Inc. increased its stake in shares of Charter Communications by 1.5% during the second quarter. Blue Trust Inc. now owns 9,955 shares of the company's stock worth $2,893,000 after purchasing an additional 151 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Charter Communications during the second quarter worth about $230,000. Finally, Raymond James & Associates increased its stake in shares of Charter Communications by 2.3% during the second quarter. Raymond James & Associates now owns 201,021 shares of the company's stock worth $60,097,000 after purchasing an additional 4,606 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.
Charter Communications Trading Up 2.0 %
NASDAQ:CHTR traded up $7.67 on Thursday, hitting $386.16. The stock had a trading volume of 370,492 shares, compared to its average volume of 1,367,950. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market cap of $54.91 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.64 and a beta of 1.08. The company has a fifty day moving average price of $364.03 and a two-hundred day moving average price of $336.14. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its 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 company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $8.25 EPS. Equities research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CHTR. Citigroup raised shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Morgan Stanley boosted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $384.42.
Check Out Our Latest Report 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.
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