Y Intercept Hong Kong Ltd Purchases 5,199 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Y Intercept Hong Kong Ltd increased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 95.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,635 shares of the company's stock after purchasing an additional 5,199 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Charter Communications were worth $3,447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHTR. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications in the third quarter worth about $28,000. Grove Bank & Trust lifted its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC boosted its holdings in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock valued at $51,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 9.2 %

CHTR traded down $37.10 during mid-day trading on Monday, hitting $365.96. The stock had a trading volume of 1,957,119 shares, compared to its average volume of 1,371,576. The stock's fifty day simple moving average is $362.06 and its 200-day simple moving average is $335.09. The firm has a market capitalization of $52.04 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. 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 (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping 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 business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter last year, the business posted $8.25 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CHTR shares. Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Benchmark lifted their price target on shares of Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Barclays boosted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications presently has an average rating of "Hold" and a consensus price target of $378.00.

About Charter Communications

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.