Susquehanna Fundamental Investments LLC Invests $1.79 Million in Charter Communications, Inc. (NASDAQ:CHTR)

Susquehanna Fundamental Investments LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,973 shares of the company’s stock, valued at approximately $1,786,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MBB Public Markets I LLC bought a new stake in shares of Charter Communications during the second quarter valued at approximately $2,123,000. DoubleLine ETF Adviser LP raised its holdings in Charter Communications by 24.4% in the second quarter. DoubleLine ETF Adviser LP now owns 12,943 shares of the company’s stock worth $3,869,000 after purchasing an additional 2,540 shares in the last quarter. APG Asset Management N.V. boosted its stake in Charter Communications by 5.7% in the second quarter. APG Asset Management N.V. now owns 61,412 shares of the company’s stock valued at $17,131,000 after acquiring an additional 3,336 shares in the last quarter. AXA S.A. boosted its holdings in Charter Communications by 8.0% in the second quarter. AXA S.A. now owns 10,138 shares of the company’s stock worth $3,031,000 after acquiring an additional 748 shares in the last quarter. Finally, AlTi Global Inc. lifted its holdings in shares of Charter Communications by 48.4% during the second quarter. AlTi Global Inc. now owns 1,572 shares of the company’s stock worth $470,000 after purchasing an additional 513 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 1.5 %

CHTR opened at $328.95 on Wednesday. The company’s 50 day moving average is $344.98 and its 200-day moving average is $304.05. The company has a market cap of $47.38 billion, a P/E ratio of 10.64, a PEG ratio of 0.61 and a beta of 1.05. 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 1-year low of $236.08 and a 1-year high of $458.30.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CHTR shares. Royal Bank of Canada began coverage on Charter Communications in a report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday. Finally, Rosenblatt Securities increased their target price on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $356.41.

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.