Park Avenue Securities LLC Increases Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Park Avenue Securities LLC increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 4.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 810 shares of the company’s stock after buying an additional 36 shares during the period. Park Avenue Securities LLC’s holdings in Charter Communications were worth $246,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CHTR. Dodge & Cox lifted its position in Charter Communications by 1.2% during the second quarter. Dodge & Cox now owns 6,766,702 shares of the company’s stock valued at $3,170,403,000 after purchasing an additional 79,984 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Charter Communications by 24.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,203,578 shares of the company’s stock valued at $2,438,032,000 after acquiring an additional 1,014,432 shares in the last quarter. FMR LLC boosted its holdings in Charter Communications by 364.7% in the second quarter. FMR LLC now owns 2,420,812 shares of the company’s stock valued at $1,134,223,000 after acquiring an additional 1,899,927 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Charter Communications by 23.2% during the 2nd quarter. Franklin Resources Inc. now owns 1,608,959 shares of the company’s stock valued at $753,846,000 after buying an additional 302,570 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Charter Communications by 8.0% during the 1st quarter. Wellington Management Group LLP now owns 1,132,651 shares of the company’s stock valued at $617,882,000 after buying an additional 84,302 shares in the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $396.01 on Tuesday. The company has a 50-day moving average price of $365.70 and a 200-day moving average price of $386.07. The firm has a market capitalization of $61.65 billion, a P/E ratio of 12.37, a PEG ratio of 0.50 and a beta of 1.13. Charter Communications, Inc. has a 52 week low of $297.66 and a 52 week high of $621.00. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 7.73.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its 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 firm had revenue of $13.55 billion during the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a return on equity of 36.48% and a net margin of 10.21%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $6.50 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 31.02 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research reports. Cowen dropped their target price on shares of Charter Communications from $670.00 to $649.00 in a report on Wednesday, December 14th. Royal Bank of Canada dropped their target price on shares of Charter Communications from $480.00 to $460.00 in a report on Wednesday, December 14th. UBS Group dropped their price target on shares of Charter Communications to $406.00 in a research note on Wednesday, December 14th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Thursday, January 5th. Finally, Barclays dropped their price target on shares of Charter Communications to $273.00 in a research note on Friday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $499.10.

About Charter Communications

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.