Charles Schwab Investment Management Inc. Raises Position in Charter Communications, Inc. (NASDAQ:CHTR)

Charles Schwab Investment Management Inc. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 824,696 shares of the company’s stock after buying an additional 7,008 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Charter Communications were worth $267,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHTR. Reston Wealth Management LLC purchased a new stake in Charter Communications during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications during the third quarter valued at approximately $28,000. CVA Family Office LLC boosted its stake in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications in the first quarter worth approximately $34,000. Finally, Grove Bank & Trust increased its stake in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research note on Monday, September 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Stock Up 1.2 %

Shares of Charter Communications stock opened at $388.27 on Friday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a 50-day moving average of $348.11 and a 200 day moving average of $325.06. The firm has a market cap of $55.21 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.61 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates 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 was up 1.6% on a year-over-year basis. During the same period last year, the business earned $8.25 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal 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.