Gulf International Bank UK Ltd Increases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Gulf International Bank UK Ltd lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,427 shares of the company’s stock after purchasing an additional 89 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Charter Communications were worth $2,406,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital International Investors grew its stake in Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after buying an additional 348,299 shares during the period. Assenagon Asset Management S.A. raised 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 in the last quarter. Pzena Investment Management LLC grew its holdings in Charter Communications by 6.1% during the 2nd 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 in the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of Charter Communications in the 1st quarter valued at approximately $32,074,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Benchmark boosted their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday. Wolfe Research lowered 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 research note on Monday, September 30th. Finally, Barclays boosted their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Up 6.7 %

CHTR opened at $408.02 on Thursday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $421.16. The business has a 50 day moving average price of $334.95 and a two-hundred day moving average price of $314.67. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market cap of $58.24 billion, a PE ratio of 12.78, a P/E/G ratio of 0.66 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly 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 return on equity of 28.73% and a net margin of 8.52%. 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 business earned $8.25 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications, Inc. will post 32.51 EPS for the current year.

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.