Banyan Capital Management Inc. Acquires 299 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Banyan Capital Management Inc. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,242 shares of the company’s stock after acquiring an additional 299 shares during the period. Charter Communications accounts for about 6.1% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Banyan Capital Management Inc.’s holdings in Charter Communications were worth $10,449,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Reston Wealth Management LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth about $28,000. CVA Family Office LLC raised its holdings in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new position in Charter Communications in the first quarter valued at approximately $34,000. Finally, Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR stock opened at $389.57 on Monday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $55.40 billion, a price-to-earnings ratio of 12.20, a PEG 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 $421.16. The stock’s fifty day moving average is $342.59 and its two-hundred day moving average is $321.67.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the previous year, the business earned $8.25 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on CHTR. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Barclays increased their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price objective 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. Finally, Rosenblatt Securities increased their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $379.06.

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.