Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Avestar Capital LLC

Avestar Capital LLC raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 9.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 830 shares of the company’s stock after acquiring an additional 75 shares during the period. Avestar Capital LLC’s holdings in Charter Communications were worth $269,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Capital Inc. increased its holdings in shares of Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after purchasing an additional 10,950 shares in the last quarter. National Pension Service grew its holdings in shares of Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after buying an additional 12,915 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Charter Communications during the third quarter worth about $17,788,000. AustralianSuper Pty Ltd acquired a new stake in shares of Charter Communications in the second quarter worth approximately $7,171,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after acquiring an additional 7,008 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CHTR. Barclays raised their target price on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday. 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. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $378.00.

Charter Communications Stock Down 0.1 %

CHTR stock 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 firm has a fifty day moving average price of $350.95 and a two-hundred day moving average price of $327.93. The firm has a market cap of $55.43 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.61 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share 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 firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the firm earned $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that Charter Communications, Inc. will post 32.87 EPS 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.