Bank of Montreal Can Acquires 32,855 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Bank of Montreal Can raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 23.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,196 shares of the company’s stock after buying an additional 32,855 shares during the quarter. Bank of Montreal Can’s holdings in Charter Communications were worth $55,848,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cornerstone Capital Inc. grew its position in shares of Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares during the last quarter. National Pension Service lifted its stake in shares of Charter Communications by 8.1% in the 3rd quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after purchasing an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Charter Communications in the 3rd quarter valued at approximately $17,788,000. AustralianSuper Pty Ltd purchased a new position in shares of Charter Communications in the 2nd quarter valued at approximately $7,171,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after purchasing an additional 7,008 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Down 0.1 %

CHTR stock opened at $389.81 on Thursday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The business has a fifty day moving average price of $350.95 and a 200-day moving average price of $327.93. 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 stock has a market capitalization of $55.43 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the company posted $8.25 earnings per share. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Barclays raised their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Benchmark lifted their price objective on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research note on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $378.00.

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.