Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Raised by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,277 shares of the company’s stock after buying an additional 440 shares during the quarter. Pathstone Holdings LLC’s holdings in Charter Communications were worth $3,006,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after buying an additional 69,959 shares during the last quarter. First Pacific Advisors LP raised its holdings in Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after buying an additional 12,218 shares in the last quarter. Cryder Capital Partners LLP boosted its stake in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after acquiring an additional 39,334 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHTR shares. Wells Fargo & Company boosted their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley upped their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Benchmark boosted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada boosted their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $388.27 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a 50-day moving average price of $348.11 and a 200 day moving average price of $325.83. The firm has a market capitalization of $55.21 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter last year, the company earned $8.25 EPS. Charter Communications’s revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal 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.