Hyperion Capital Advisors LP Raises Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Hyperion Capital Advisors LP lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,133 shares of the company’s stock after acquiring an additional 120 shares during the period. Hyperion Capital Advisors LP’s holdings in Charter Communications were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Savant Capital LLC increased its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE increased its stake in Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after buying an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust increased its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Royal Bank of Canada upped their price objective on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Finally, BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $378.00.

Charter Communications Stock Performance

NASDAQ CHTR opened at $389.81 on Thursday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a market capitalization of $55.43 billion, a PE ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03. The company has a fifty day moving average of $350.95 and a two-hundred day moving average of $327.93.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 the consensus estimate of $13.66 billion. During the same quarter in the prior year, the firm posted $8.25 earnings per share. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

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.