Victory Capital Management Inc. Acquires 1,450 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Victory Capital Management Inc. grew its holdings in Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,284 shares of the company’s stock after purchasing an additional 1,450 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Charter Communications worth $31,938,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CHTR. Dodge & Cox increased its holdings in Charter Communications by 1.2% during the 2nd quarter. Dodge & Cox now owns 6,766,702 shares of the company’s stock worth $3,170,403,000 after acquiring an additional 79,984 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Charter Communications by 24.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,203,578 shares of the company’s stock worth $2,438,032,000 after acquiring an additional 1,014,432 shares during the period. FMR LLC increased its holdings in Charter Communications by 364.7% during the 2nd quarter. FMR LLC now owns 2,420,812 shares of the company’s stock worth $1,134,223,000 after acquiring an additional 1,899,927 shares during the period. Franklin Resources Inc. increased its holdings in Charter Communications by 23.2% during the 2nd quarter. Franklin Resources Inc. now owns 1,608,959 shares of the company’s stock worth $753,846,000 after acquiring an additional 302,570 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Charter Communications by 8.0% during the 1st quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company’s stock worth $617,882,000 after acquiring an additional 84,302 shares during the period. Institutional investors own 66.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CHTR shares. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a report on Thursday, January 5th. Evercore ISI cut their price target on shares of Charter Communications to $500.00 in a research note on Wednesday, December 14th. Royal Bank of Canada cut their price target on shares of Charter Communications from $480.00 to $460.00 in a research note on Wednesday, December 14th. Credit Suisse Group cut their price target on shares of Charter Communications from $551.00 to $541.00 and set an “outperform” rating for the company in a research note on Wednesday, December 14th. Finally, Wells Fargo & Company raised shares of Charter Communications from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $370.00 to $340.00 in a research note on Thursday, December 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $499.10.

Charter Communications Stock Up 3.1 %

Shares of NASDAQ CHTR opened at $396.11 on Monday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 7.73. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $621.00. The firm has a market capitalization of $61.66 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.50 and a beta of 1.13. The firm has a fifty day simple moving average of $365.53 and a two-hundred day simple moving average of $386.60.

Charter Communications (NASDAQ:CHTRGet Rating) last issued its quarterly earnings results on Friday, October 28th. The company reported $7.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.94 by ($0.56). The business had revenue of $13.55 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 36.48% and a net margin of 10.21%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.50 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 31.02 earnings per share for the current year.

Charter Communications Profile

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

Further Reading

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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