Assenagon Asset Management S.A. grew its stake in Charter Communications Inc (NASDAQ:CHTR) by 4,507.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,714 shares of the company’s stock after buying an additional 72,114 shares during the period. Assenagon Asset Management S.A.’s holdings in Charter Communications were worth $30,379,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Whitener Capital Management Inc. grew its stake in Charter Communications by 16.8% during the second quarter. Whitener Capital Management Inc. now owns 209 shares of the company’s stock worth $82,000 after purchasing an additional 30 shares during the period. Delta Investment Management LLC grew its stake in Charter Communications by 0.3% during the second quarter. Delta Investment Management LLC now owns 10,877 shares of the company’s stock worth $4,298,000 after purchasing an additional 34 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in Charter Communications by 3.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,001 shares of the company’s stock worth $395,000 after purchasing an additional 34 shares during the period. Asset Dedication LLC grew its stake in Charter Communications by 7.3% during the second quarter. Asset Dedication LLC now owns 573 shares of the company’s stock worth $227,000 after purchasing an additional 39 shares during the period. Finally, Gofen & Glossberg LLC IL grew its stake in Charter Communications by 3.1% during the third quarter. Gofen & Glossberg LLC IL now owns 1,344 shares of the company’s stock worth $554,000 after purchasing an additional 40 shares during the period. 72.40% of the stock is owned by institutional investors.
Several research analysts have issued reports on the company. Bank of America reiterated a “buy” rating and issued a $450.00 price target (up previously from $425.00) on shares of Charter Communications in a report on Tuesday, July 30th. Morgan Stanley increased their price target on Charter Communications from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Sanford C. Bernstein assumed coverage on Charter Communications in a report on Wednesday. They issued an “outperform” rating on the stock. Macquarie assumed coverage on Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price target on the stock. Finally, Guggenheim increased their price target on Charter Communications from $440.00 to $488.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Charter Communications presently has an average rating of “Hold” and an average price target of $422.95.
Shares of CHTR stock traded up $5.59 during trading hours on Wednesday, reaching $438.51. The company had a trading volume of 28,420 shares, compared to its average volume of 1,200,680. Charter Communications Inc has a 12 month low of $272.91 and a 12 month high of $435.45. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.34. The business has a fifty day simple moving average of $418.90 and a 200-day simple moving average of $391.25. The company has a market cap of $93.72 billion, a price-to-earnings ratio of 83.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the prior year, the business earned $1.15 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Charter Communications Inc will post 6.59 earnings per share for the current year.
Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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