Mirabella Financial Services LLP Makes New $14.55 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Mirabella Financial Services LLP purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 44,224 shares of the company’s stock, valued at approximately $14,547,000. Charter Communications accounts for about 0.9% of Mirabella Financial Services LLP’s portfolio, making the stock its 28th biggest position.

Several other hedge funds have also modified their holdings of CHTR. Cornerstone Capital Inc. increased its stake in shares of Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after buying an additional 10,950 shares during the period. National Pension Service increased its position in Charter Communications by 8.1% in the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after purchasing an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Charter Communications during the 3rd quarter valued at about $17,788,000. AustralianSuper Pty Ltd acquired a new stake in shares of Charter Communications during the 2nd quarter worth approximately $7,171,000. Finally, Cetera Investment Advisers lifted its holdings in Charter Communications by 432.3% in the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after buying an additional 6,009 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHTR shares. Morgan Stanley increased their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. 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 report on Monday, July 29th. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Four 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, Charter Communications presently has an average rating of “Hold” and an average target price of $379.06.

Charter Communications Trading Up 1.2 %

NASDAQ:CHTR opened at $388.27 on Monday. The company has a market cap of $55.21 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The business has a 50 day moving average price of $348.11 and a two-hundred day moving average price of $325.83. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced 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 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 analysts’ expectations of $13.66 billion. During the same quarter in the prior year, the company posted $8.25 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal 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.