Townsquare Capital LLC Has $558,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Townsquare Capital LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 16.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,721 shares of the company’s stock after buying an additional 248 shares during the period. Townsquare Capital LLC’s holdings in Charter Communications were worth $558,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter worth about $28,000. Grove Bank & Trust raised its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Charter Communications by 109.2% during the second 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 period. Finally, CVA Family Office LLC raised its position in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $402.12 on Thursday. The stock has a market cap of $57.18 billion, a P/E ratio of 12.59, a PEG ratio of 0.63 and a beta of 1.08. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a 50 day simple moving average of $357.95 and a 200 day simple moving average of $332.16. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating 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 firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the previous year, the firm earned $8.25 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHTR shares. Barclays lifted their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Bank of America raised 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 research report on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada lifted their target price on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Finally, Benchmark lifted their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $378.00.

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.