Charter Communications, Inc. (NASDAQ:CHTR) Stake Trimmed by Aigen Investment Management LP

Aigen Investment Management LP lessened its position in Charter Communications, Inc. (NASDAQ:CHTR) by 36.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,561 shares of the company’s stock after selling 885 shares during the quarter. Aigen Investment Management LP’s holdings in Charter Communications were worth $506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the 3rd quarter worth about $28,000. CVA Family Office LLC boosted its position in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new position in Charter Communications during the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust increased its holdings in shares of Charter Communications by 39.1% in the 3rd 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. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CHTR. Benchmark boosted their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Wells Fargo & Company upped their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Price Performance

NASDAQ CHTR opened at $394.25 on Friday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $421.16. The company has a fifty day simple moving average of $340.07 and a 200 day simple moving average of $319.36. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market cap of $56.06 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results 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 company 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 business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $8.25 earnings per share. On average, sell-side analysts predict 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.