Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,227 shares of the company’s stock after buying an additional 1,353 shares during the period. Natixis Advisors LLC’s holdings in Charter Communications were worth $9,336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHTR. CVA Family Office LLC increased its holdings in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications in the first quarter worth $34,000. Riverview Trust Co acquired a new position in Charter Communications in the 1st quarter valued at approximately $40,000. Cullen Frost Bankers Inc. lifted its position in Charter Communications by 769.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. TD Cowen upped their target price on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Citigroup boosted their price objective on shares of Charter Communications from $255.00 to $350.00 and gave the company a “sell” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $360.93.

Charter Communications Stock Down 0.3 %

Charter Communications stock opened at $330.78 on Friday. The firm has a market capitalization of $47.64 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.04. The firm’s fifty day moving average price is $337.41 and its two-hundred day moving average price is $298.99. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter in the previous year, the business earned $8.05 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Charter Communications Company Profile

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.