Maven Securities LTD Purchases New Position in Charter Communications, Inc. (NASDAQ:CHTR)

Maven Securities LTD acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,100 shares of the company’s stock, valued at approximately $356,000.

Several other large investors have also recently bought and sold shares of CHTR. Pzena Investment Management LLC raised its position in shares of Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares during the period. FMR LLC increased its stake in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after buying an additional 7,008 shares during the period. Dimensional Fund Advisors LP lifted its stake in Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after buying an additional 69,959 shares in the last quarter. Finally, First Pacific Advisors LP boosted its holdings in shares of Charter Communications by 2.0% in the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after buying an additional 12,218 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $404.14 on Friday. 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 business’s 50 day moving average price is $359.69 and its two-hundred day moving average price is $332.66. The company has a market cap of $57.47 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the firm earned $8.25 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Finally, Benchmark raised their price target on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.