Van ECK Associates Corp Acquires Shares of 878 Charter Communications, Inc. (NASDAQ:CHTR)

Van ECK Associates Corp bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 878 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds also recently bought and sold shares of CHTR. Gulf International Bank UK Ltd grew its stake in shares of Charter Communications by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock worth $2,344,000 after acquiring an additional 40 shares during the period. Ingalls & Snyder LLC grew its position in Charter Communications by 4.4% in the 2nd quarter. Ingalls & Snyder LLC now owns 1,023 shares of the company’s stock worth $306,000 after purchasing an additional 43 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Charter Communications by 7.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 620 shares of the company’s stock valued at $241,000 after buying an additional 45 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Charter Communications by 5.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,074 shares of the company’s stock valued at $417,000 after buying an additional 55 shares during the period. Finally, Platinum Investment Management Ltd. boosted its stake in shares of Charter Communications by 19.3% in the 4th quarter. Platinum Investment Management Ltd. now owns 384 shares of the company’s stock worth $149,000 after buying an additional 62 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $324.84 on Tuesday. The company has a market capitalization of $46.37 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.61 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock’s 50-day simple moving average is $338.55 and its 200-day simple moving average is $299.53. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping 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 company had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same period in the previous year, the firm earned $8.05 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on CHTR shares. Wells Fargo & Company upped their price objective on 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. increased their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. TD Cowen boosted 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. Rosenblatt Securities increased their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Pivotal Research boosted their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” 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 company’s stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average target price of $360.93.

Charter Communications 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.