647 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Bought by Parametrica Management Ltd

Parametrica Management Ltd bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 647 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Envestnet Portfolio Solutions Inc. boosted its stake in Charter Communications by 111.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,310 shares of the company’s stock worth $381,000 after purchasing an additional 690 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Charter Communications during the 1st quarter worth about $444,000. Russell Investments Group Ltd. boosted its stake in shares of Charter Communications by 9.6% during the 1st quarter. Russell Investments Group Ltd. now owns 79,667 shares of the company’s stock worth $23,168,000 after buying an additional 6,978 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Charter Communications by 54.1% during the 1st quarter. Bleakley Financial Group LLC now owns 4,465 shares of the company’s stock worth $1,298,000 after buying an additional 1,568 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Charter Communications by 14.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 16,093 shares of the company’s stock worth $4,677,000 after buying an additional 1,981 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR traded up $9.32 during mid-day trading on Wednesday, hitting $401.32. 635,733 shares of the company’s stock were exchanged, compared to its average volume of 1,383,087. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $421.16. The stock’s 50-day simple moving average is $338.58 and its 200-day simple moving average is $318.75. The firm has a market cap of $57.07 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its 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. The company had revenue of $13.80 billion for 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 business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $8.25 earnings per share. On average, equities research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. 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 note on Monday, July 29th. Barclays increased their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research note on Monday, September 30th. Royal Bank of Canada raised their target price on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Finally, TD Cowen raised their target price 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. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications 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.