Highbridge Capital Management LLC Invests $2.86 Million in Charter Communications, Inc. (CHTR)

Highbridge Capital Management LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,872 shares of the company’s stock, valued at approximately $2,861,000.

Several other hedge funds have also bought and sold shares of CHTR. Ameriprise Financial Inc. boosted its holdings in shares of Charter Communications by 315.1% during the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after purchasing an additional 1,051,151 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Charter Communications by 2,099.6% in the second quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock valued at $203,464,000 after acquiring an additional 576,559 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Charter Communications by 623.2% in the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock valued at $215,394,000 after acquiring an additional 510,735 shares during the last quarter. BlackRock Inc. boosted its holdings in Charter Communications by 4.1% in the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock valued at $4,281,266,000 after acquiring an additional 496,574 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Charter Communications by 4.1% in the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after acquiring an additional 402,167 shares during the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

Charter Communications, Inc. (NASDAQ CHTR) opened at $329.00 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 52-week low of $281.99 and a 52-week high of $408.83. The company has a market capitalization of $82,040.00, a PE ratio of 205.89, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same period last year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts anticipate that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.

In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

A number of brokerages recently weighed in on CHTR. Buckingham Research began coverage on Charter Communications in a report on Wednesday. They issued a “buy” rating and a $415.00 target price on the stock. Robert W. Baird reiterated a “hold” rating and issued a $365.00 target price on shares of Charter Communications in a report on Wednesday, October 4th. Royal Bank of Canada reiterated a “buy” rating and issued a $420.00 target price on shares of Charter Communications in a report on Monday, September 18th. Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Finally, Barclays cut Charter Communications from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $267.01 to $283.00 in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $383.21.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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