Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 37.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,802 shares of the company’s stock after purchasing an additional 492 shares during the period. GAMMA Investing LLC’s holdings in Charter Communications were worth $584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Charter Communications by 50.8% during the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after buying an additional 3,080 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Charter Communications in the second quarter worth approximately $7,171,000. Oakcliff Capital Partners LP boosted its stake in Charter Communications by 8.2% during the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after purchasing an additional 2,900 shares in the last quarter. FORA Capital LLC increased its position in shares of Charter Communications by 45.8% during the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock valued at $6,029,000 after purchasing an additional 6,519 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Charter Communications by 9.8% in the 4th quarter. Sei Investments Co. now owns 101,372 shares of the company’s stock worth $39,402,000 after buying an additional 9,055 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $327.30 on Wednesday. The company has a market capitalization of $47.14 billion, a PE ratio of 10.59, a PEG ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company’s 50 day moving average price is $343.57 and its 200 day moving average price is $304.88. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30.

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

Analyst Ratings Changes

Several brokerages recently weighed in on CHTR. Morgan Stanley raised their target price on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Rosenblatt Securities lifted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Royal Bank of Canada began coverage on shares of Charter Communications in a report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 target price for the company. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Finally, Pivotal Research increased their price objective on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications currently 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.