Natixis Advisors LLC Raises Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Natixis Advisors LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,529 shares of the company’s stock after buying an additional 4,302 shares during the quarter. Natixis Advisors LLC’s holdings in Charter Communications were worth $11,515,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new position in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. CVA Family Office LLC increased its stake in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Charter Communications during the 1st quarter worth approximately $34,000. Finally, Grove Bank & Trust boosted its position in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.1 %

Shares of NASDAQ CHTR opened at $389.12 on Thursday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The stock’s 50-day simple moving average is $346.25 and its 200-day simple moving average is $323.84. The firm has a market cap of $55.33 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.62 and a beta of 1.03.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHTR. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and lifted their target price for the company from $385.00 to $450.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Benchmark increased their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $379.06.

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.