Axiom Advisory LLC Purchases 44 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Axiom Advisory LLC raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,816 shares of the company’s stock after purchasing an additional 44 shares during the quarter. Axiom Advisory LLC’s holdings in Charter Communications were worth $947,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Seven Eight Capital LP raised its stake in shares of Charter Communications by 77.3% in the fourth quarter. Seven Eight Capital LP now owns 1,743 shares of the company’s stock worth $677,000 after purchasing an additional 760 shares during the last quarter. Ossiam raised its position in Charter Communications by 2.2% in the 4th quarter. Ossiam now owns 3,113 shares of the company’s stock valued at $1,210,000 after buying an additional 66 shares during the last quarter. Sei Investments Co. lifted its stake in Charter Communications by 9.8% during the 4th quarter. Sei Investments Co. now owns 101,372 shares of the company’s stock valued at $39,402,000 after acquiring an additional 9,055 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in Charter Communications by 2.3% during the 4th quarter. Cresset Asset Management LLC now owns 21,946 shares of the company’s stock worth $8,530,000 after acquiring an additional 493 shares during the last quarter. Finally, Symmetry Investments LP bought a new stake in shares of Charter Communications in the 4th quarter worth $824,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 0.8 %

Shares of CHTR opened at $327.30 on Wednesday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $458.30. The stock has a market cap of $47.14 billion, a PE ratio of 10.59, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The business’s 50-day moving average price is $343.57 and its 200-day moving average price is $304.88.

Charter Communications (NASDAQ:CHTR) last posted its earnings results 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. The business had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $8.05 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Morgan Stanley increased their price target on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Pivotal Research upped their price objective on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Bank of America lifted their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.