Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Fmr LLC

Fmr LLC lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 27.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,064,948 shares of the company’s stock after purchasing an additional 230,817 shares during the quarter. Fmr LLC owned about 0.75% of Charter Communications worth $345,128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications in the third quarter worth about $28,000. CVA Family Office LLC grew its stake in shares of Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% during 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. Finally, Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent research reports. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Benchmark upped 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. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised 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. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Trading Up 1.8 %

Shares of NASDAQ CHTR opened at $396.96 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The stock’s 50 day simple moving average is $353.45 and its 200 day simple moving average is $329.56. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.25 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.