Charter Communications, Inc. (NASDAQ:CHTR) Position Raised by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 62.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131 shares of the company’s stock after purchasing an additional 433 shares during the period. Aptus Capital Advisors LLC’s holdings in Charter Communications were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC grew its position in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after buying an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after buying an additional 69,959 shares during the last quarter. First Pacific Advisors LP grew its position in Charter Communications by 2.0% in the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after buying an additional 12,218 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after buying an additional 348,299 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CHTR shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Barclays lifted their price objective 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. Rosenblatt Securities lifted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen lifted their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” 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 company presently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Down 1.2 %

Charter Communications stock opened at $389.57 on Friday. The firm has a market cap of $55.40 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.65 and a beta of 1.03. 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 fifty-two week low of $236.08 and a fifty-two week high of $421.16. The firm has a fifty day moving average price of $341.34 and a two-hundred day moving average price of $319.88.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.25 EPS. As a group, analysts forecast 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.