ICICI Prudential Asset Management Co Ltd Purchases 281 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

ICICI Prudential Asset Management Co Ltd lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 17.8% in the 3rd quarter, Holdings Channel reports. The fund owned 1,863 shares of the company’s stock after buying an additional 281 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Charter Communications were worth $604,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after acquiring an additional 3,685,451 shares during the period. First Eagle Investment Management LLC grew its position in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after purchasing an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. raised its stake 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 valued at $80,941,000 after purchasing an additional 247,789 shares during the period. Pzena Investment Management LLC lifted its holdings in Charter Communications by 6.1% during the 2nd 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 in the last quarter. Finally, Zimmer Partners LP purchased a new stake in Charter Communications during the 1st quarter worth about $32,074,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CHTR. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. TD Cowen boosted their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Barclays upped their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Trading Up 4.3 %

Shares of CHTR stock traded up $16.91 on Wednesday, hitting $408.91. 1,023,017 shares of the company’s stock traded hands, compared to its average volume of 1,384,520. 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 stock has a market capitalization of $58.15 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.63 and a beta of 1.03. The company’s fifty day simple moving average is $338.58 and its 200 day simple moving average is $318.75. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $421.16.

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