Assenagon Asset Management S.A. Purchases 247,789 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Assenagon Asset Management S.A. lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 12,597.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,756 shares of the company’s stock after acquiring an additional 247,789 shares during the period. Assenagon Asset Management S.A. owned approximately 0.17% of Charter Communications worth $80,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its stake in Charter Communications by 36.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 983 shares of the company’s stock valued at $319,000 after buying an additional 264 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter valued at $244,720,000. Greenleaf Trust lifted its position in shares of Charter Communications by 6.2% during the 3rd quarter. Greenleaf Trust now owns 2,126 shares of the company’s stock valued at $689,000 after acquiring an additional 125 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in Charter Communications during the third quarter worth $235,000. Finally, Signaturefd LLC increased its stake in Charter Communications by 10.6% in the third quarter. Signaturefd LLC now owns 1,232 shares of the company’s stock valued at $399,000 after purchasing an additional 118 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of Charter Communications stock traded up $1.03 during trading hours on Thursday, hitting $333.25. 213,426 shares of the company’s stock traded hands, compared to its average volume of 1,363,806. The stock has a market capitalization of $48.00 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $430.57. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The company has a fifty day simple moving average of $334.89 and a 200-day simple moving average of $308.49.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $8.05 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 32.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Pivotal Research raised their target price on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Barclays raised their price objective on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Rosenblatt Securities boosted their price target on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company raised their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $356.41.

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.