Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Cornerstone Capital Inc.

Cornerstone Capital Inc. raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 40.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,860 shares of the company’s stock after purchasing an additional 10,950 shares during the quarter. Cornerstone Capital Inc.’s holdings in Charter Communications were worth $12,270,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norden Group LLC purchased a new position in shares of Charter Communications during the 1st quarter worth $828,000. Private Advisor Group LLC increased its position in shares of Charter Communications by 31.2% during the first quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after acquiring an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Charter Communications by 23.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,614 shares of the company’s stock valued at $2,213,000 after acquiring an additional 1,437 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Charter Communications by 9.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,403 shares of the company’s stock worth $698,000 after acquiring an additional 200 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Charter Communications in the 1st quarter valued at approximately $90,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.3 %

Charter Communications stock traded up $4.71 during mid-day trading on Tuesday, hitting $380.54. The company had a trading volume of 167,657 shares, compared to its average volume of 1,375,923. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $422.92. The business has a fifty day moving average of $333.47 and a 200 day moving average of $313.19. The stock has a market cap of $54.32 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.66 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 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the business earned $8.25 EPS. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Charter Communications, Inc. will post 32.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Rosenblatt Securities lifted their target price on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $379.06.

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.