Point72 Europe London LLP Acquires New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Point72 Europe London LLP bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,487 shares of the company’s stock, valued at approximately $3,135,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC grew its stake in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charter Communications in the first quarter valued at approximately $34,000. Riverview Trust Co bought a new stake in Charter Communications in the first quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Charter Communications by 109.2% during the 2nd 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 last quarter. Finally, Beach Investment Counsel Inc. PA bought a new position in shares of Charter Communications during the 2nd quarter valued at $50,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHTR. Rosenblatt Securities upped their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JPMorgan Chase & Co. upped their price target on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wolfe Research downgraded Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group started coverage on Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $359.94.

Charter Communications Stock Down 2.5 %

NASDAQ CHTR opened at $323.36 on Wednesday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. 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 stock has a market cap of $46.16 billion, a PE ratio of 10.46, a PEG ratio of 0.61 and a beta of 1.05. The firm has a 50-day simple moving average of $344.87 and a 200 day simple moving average of $303.12.

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

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.