Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,826 shares of the company’s stock after purchasing an additional 121 shares during the quarter. Summit Trail Advisors LLC’s holdings in Charter Communications were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. First Eagle Investment Management LLC grew its stake in shares of Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after buying an additional 348,299 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Charter Communications by 12,597.3% in the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after acquiring an additional 247,789 shares during the last quarter. Pzena Investment Management LLC grew its position in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares during the period. Zimmer Partners LP acquired a new stake in Charter Communications during the first quarter worth $32,074,000. Finally, International Assets Investment Management LLC purchased a new stake in Charter Communications in the third quarter valued at $244,720,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 1.0 %

NASDAQ:CHTR opened at $384.47 on Tuesday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a market cap of $54.67 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. 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 fifty day moving average price of $348.93 and a 200 day moving average price of $326.68.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the company earned $8.25 EPS. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side 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 equities analysts have recently weighed in on the company. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their target price for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. TD Cowen lifted their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price 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, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $379.06.

About Charter Communications

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.