Charter Communications, Inc. (NASDAQ:CHTR) Position Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 1,554.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,376 shares of the company’s stock after buying an additional 13,507 shares during the quarter. Charter Communications makes up about 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 18th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Charter Communications were worth $4,659,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Cornerstone Capital Inc. raised its stake in Charter Communications by 40.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after purchasing an additional 10,950 shares during the period. National Pension Service grew its stake in Charter Communications by 8.1% during the 3rd quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after acquiring an additional 12,915 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Charter Communications during the 3rd quarter valued at about $17,788,000. AustralianSuper Pty Ltd acquired a new position in shares of Charter Communications in the 2nd quarter valued at about $7,171,000. Finally, Cetera Investment Advisers lifted its position in shares of Charter Communications by 432.3% in the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock worth $2,150,000 after purchasing an additional 6,009 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.2 %

Charter Communications stock opened at $388.27 on Monday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $55.21 billion, a PE ratio of 12.16, a PEG ratio of 0.62 and a beta of 1.03. The business’s 50-day simple moving average is $348.11 and its 200-day simple moving average is $325.83.

Charter Communications (NASDAQ:CHTR) last issued its quarterly 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. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.25 earnings per share. Equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CHTR shares. Pivotal Research boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Benchmark increased their price objective on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and an average price target of $379.06.

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.