CWA Asset Management Group LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

CWA Asset Management Group LLC purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 618 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications during the third quarter worth approximately $1,345,000. Worldquant Millennium Advisors LLC boosted its position in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after acquiring an additional 26,446 shares during the last quarter. Franklin Resources Inc. boosted its position in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Cornerstone Capital Inc. boosted its position in Charter Communications by 40.7% during the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after acquiring an additional 10,950 shares during the last quarter. Finally, National Pension Service boosted its position in Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after acquiring an additional 12,915 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Barclays lifted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Performance

Charter Communications stock opened at $349.32 on Friday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market capitalization of $49.67 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s fifty day moving average price is $375.42 and its 200 day moving average price is $346.96.

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