Los Angeles Capital Management LLC Invests $6.06 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Los Angeles Capital Management LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,705 shares of the company’s stock, valued at approximately $6,062,000.

Several other large investors also recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth $26,000. CVA Family Office LLC grew its position in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications during the first quarter worth approximately $34,000. Grove Bank & Trust raised its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR stock opened at $396.04 on Tuesday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $421.16. The business has a 50-day moving average price of $336.70 and a 200 day moving average price of $316.82. The company has a market capitalization of $56.32 billion, a P/E ratio of 12.40, a PEG ratio of 0.63 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.25 EPS. As a group, equities research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHTR shares. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Benchmark lifted 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. Rosenblatt Securities increased their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen boosted their target price on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $379.06.

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.