Parametrica Management Ltd Makes New $210,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Parametrica Management Ltd acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 647 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after acquiring an additional 3,080 shares during the period. Cornerstone Capital Inc. lifted its holdings in shares of Charter Communications by 40.7% during the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after acquiring an additional 10,950 shares during the period. National Pension Service boosted its stake in shares of Charter Communications by 8.1% in the 3rd quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after purchasing an additional 12,915 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications in the 2nd quarter worth about $7,171,000. Finally, Cetera Investment Advisers increased its position in shares of Charter Communications by 432.3% during the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock worth $2,150,000 after purchasing an additional 6,009 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 2.4 %

Shares of Charter Communications stock traded up $9.32 on Wednesday, hitting $401.32. 635,733 shares of the company’s stock traded hands, compared to its average volume of 1,383,087. 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 one year low of $236.08 and a one year high of $421.16. The firm’s 50-day moving average price is $338.58 and its two-hundred day moving average price is $318.75. The stock has a market capitalization of $57.07 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS 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 during the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the prior year, the company earned $8.25 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Rosenblatt Securities raised their target price on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. 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. Finally, Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, 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.