Aureus Asset Management LLC Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Aureus Asset Management LLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,883 shares of the company’s stock after purchasing an additional 879 shares during the period. Charter Communications makes up about 1.8% of Aureus Asset Management LLC’s holdings, making the stock its 24th biggest holding. Aureus Asset Management LLC owned approximately 0.06% of Charter Communications worth $28,157,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CHTR. Savant Capital LLC grew its position in Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares during the last quarter. US Bancorp DE grew its position in Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares during the last quarter. Grove Bank & Trust grew its position in 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 purchasing an additional 34 shares during the last quarter. Finally, CVA Family Office LLC grew its position in Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Pivotal Research increased their price objective 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. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Morgan Stanley raised their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their price target 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. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $378.00.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $396.97 on Monday. The firm’s 50 day moving average price is $353.45 and its 200-day moving average price is $329.97. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market capitalization of $56.45 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter last year, the business earned $8.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. 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.