Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Atria Investments Inc

Atria Investments Inc lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 46.3% in the third quarter, HoldingsChannel reports. The firm owned 1,121 shares of the company’s stock after buying an additional 355 shares during the quarter. Atria Investments Inc’s holdings in Charter Communications were worth $363,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its holdings in 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 worth $104,188,000 after acquiring an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after buying an additional 247,789 shares during the last quarter. Pzena Investment Management LLC lifted its position 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 buying an additional 175,130 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $32,074,000. Finally, International Assets Investment Management LLC purchased a new stake in Charter Communications in the 3rd quarter valued at $244,720,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHTR. Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Barclays boosted their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, TD Cowen boosted their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Down 1.4 %

CHTR stock opened at $383.63 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.61 and a beta of 1.03. 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 has a fifty day moving average price of $347.14 and a two-hundred day moving average price of $324.25.

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

Charter Communications Company 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.