Blueshift Asset Management LLC Raises Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Blueshift Asset Management LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 908.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,489 shares of the company’s stock after buying an additional 11,250 shares during the quarter. Charter Communications makes up about 1.0% of Blueshift Asset Management LLC’s portfolio, making the stock its 10th biggest position. Blueshift Asset Management LLC’s holdings in Charter Communications were worth $4,047,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CHTR. Pzena Investment Management LLC grew its stake in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares in the last quarter. FMR LLC raised its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares during the period. Finally, First Pacific Advisors LP increased its stake in shares of Charter Communications by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after purchasing an additional 12,218 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR opened at $390.29 on Wednesday. The firm has a market cap of $55.50 billion, a PE ratio of 12.22, a P/E/G ratio of 0.61 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a 50-day moving average price of $349.95 and a 200-day moving average price of $327.49. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $13.66 billion. During the same period in the previous year, the business posted $8.25 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CHTR. Benchmark boosted their price target on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Morgan Stanley raised their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $378.00.

Charter Communications 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.