Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Increased by Panagora Asset Management Inc.

Panagora Asset Management Inc. lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,995 shares of the company’s stock after purchasing an additional 461 shares during the quarter. Panagora Asset Management Inc.’s holdings in Charter Communications were worth $1,493,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Charter Communications by 12.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,385 shares of the company’s stock worth $5,795,000 after purchasing an additional 2,128 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of Charter Communications in the 2nd quarter worth $336,000. Whittier Trust Co. lifted its holdings in shares of Charter Communications by 5.4% in the second quarter. Whittier Trust Co. now owns 2,351 shares of the company’s stock valued at $703,000 after buying an additional 120 shares during the period. HB Wealth Management LLC boosted its stake in Charter Communications by 55.8% during the second quarter. HB Wealth Management LLC now owns 1,387 shares of the company’s stock valued at $415,000 after buying an additional 497 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Charter Communications by 10.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,445 shares of the company’s stock worth $1,628,000 after acquiring an additional 501 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Charter Communications from $255.00 to $350.00 and gave the company a “sell” rating in a report on Wednesday, July 31st. Morgan Stanley raised their target price on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Wolfe Research cut Charter Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group assumed coverage on Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 target price on the stock. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $360.93.

Charter Communications Stock Performance

Shares of CHTR opened at $347.54 on Friday. The company has a market capitalization of $50.06 billion, a PE ratio of 11.24, a PEG ratio of 0.70 and a beta of 1.04. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.40 and a current ratio of 0.39. The company’s 50 day moving average price is $333.53 and its 200 day moving average price is $297.67. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the firm earned $8.05 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current fiscal year.

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.