Blue Trust Inc. Buys 127 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Blue Trust Inc. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,195 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Blue Trust Inc.’s holdings in Charter Communications were worth $3,304,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CHTR. Assenagon Asset Management S.A. lifted its position in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after purchasing an additional 247,789 shares during the last quarter. FMR LLC lifted its position in shares of 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 during the last quarter. Fernbridge Capital Management LP acquired a new position in shares of Charter Communications during the 3rd quarter worth about $48,200,000. Franklin Resources Inc. lifted its position in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth about $244,720,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHTR. Pivotal Research boosted their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research 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 report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Finally, Morgan Stanley upped their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and an average price target of $383.89.

Charter Communications Stock Up 2.1 %

NASDAQ CHTR opened at $367.58 on Monday. The firm has a market cap of $52.27 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The stock’s 50 day simple moving average is $366.41 and its 200 day simple moving average is $351.47. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last released 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 business had revenue of $13.80 billion for 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%. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $8.25 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 34.62 earnings per share for the current fiscal 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.