Versor Investments LP Makes New $300,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Versor Investments LP purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,002 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital International Investors raised its holdings in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Charter Communications by 96.5% in the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after acquiring an additional 1,399,034 shares in the last quarter. Norges Bank acquired a new stake in Charter Communications in the 4th quarter worth approximately $310,727,000. Parnassus Investments LLC boosted its position in Charter Communications by 40.1% during the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after purchasing an additional 463,968 shares during the period. Finally, Putnam Investments LLC grew its holdings in Charter Communications by 24.5% during the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after purchasing an additional 242,448 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Down 0.3 %

Shares of NASDAQ:CHTR opened at $330.78 on Friday. The company has a market capitalization of $47.64 billion, a PE ratio of 10.70, a P/E/G ratio of 0.64 and a beta of 1.04. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company’s fifty day moving average is $337.41 and its 200-day moving average is $298.99. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.59 billion. During the same period in the previous year, the business earned $8.05 EPS. Charter Communications’s revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CHTR shares. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Morgan Stanley increased their target price on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Bank of America lifted their price target on Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $360.93.

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.