Quantbot Technologies LP Raises Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Quantbot Technologies LP boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 144.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,763 shares of the company’s stock after purchasing an additional 9,307 shares during the quarter. Quantbot Technologies LP’s holdings in Charter Communications were worth $5,108,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the 3rd quarter worth $28,000. CVA Family Office LLC increased its position in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications in the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust grew its stake in 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 purchasing an additional 34 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.5 %

NASDAQ:CHTR opened at $390.29 on Wednesday. The stock has a fifty day simple moving average of $349.95 and a 200 day simple moving average of $327.49. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period last year, the company posted $8.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CHTR. Morgan Stanley lifted their target price 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. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Barclays increased their target price on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $378.00.

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.