Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,622 shares of the company’s stock after acquiring an additional 234 shares during the period. Profund Advisors LLC’s holdings in Charter Communications were worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital International Investors grew its stake in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares during the period. Pzena Investment Management LLC grew its position in Charter Communications by 96.5% in the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after acquiring an additional 1,399,034 shares during the period. Parnassus Investments LLC increased its stake in Charter Communications by 40.1% during the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after acquiring an additional 463,968 shares during the last quarter. First Eagle Investment Management LLC raised its position in 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 during the period. Finally, Putnam Investments LLC lifted its stake in shares of Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after purchasing an additional 242,448 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Pivotal Research raised their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Bank of America boosted their price target on shares of Charter Communications from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wolfe Research cut shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, TD Cowen raised their price target on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $359.94.

Charter Communications Price Performance

Charter Communications stock opened at $330.40 on Friday. The stock has a market cap of $47.59 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The company has a fifty day simple moving average of $344.81 and a 200-day simple moving average of $302.31. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same period in the prior year, the firm posted $8.05 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

About Charter Communications

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.