Point72 Asia Singapore Pte. Ltd. Takes $2.10 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,471 shares of the company’s stock, valued at approximately $2,097,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Savant Capital LLC boosted its holdings in shares of Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares in the last quarter. US Bancorp DE lifted its stake in shares of Charter Communications by 0.4% in the third 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 period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Charter Communications by 3.1% in the second 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 period. Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% in the third 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 period. Finally, CVA Family Office LLC lifted its stake in shares of Charter Communications by 31.3% in the third 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 period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CHTR shares. Wells Fargo & Company raised their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Morgan Stanley raised their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Finally, Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Four equities research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $378.00.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $396.97 on Monday. The firm has a 50 day simple moving average of $353.45 and a 200-day simple moving average of $329.97. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market cap of $56.45 billion, a PE ratio of 12.43, a P/E/G ratio of 0.63 and a beta of 1.03. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its 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 net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the firm earned $8.25 earnings per share. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current 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.