104,144 Shares in Charter Communications, Inc. $CHTR Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 104,144 shares of the company’s stock, valued at approximately $28,651,000. AustralianSuper Pty Ltd owned about 0.08% of Charter Communications as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. South Dakota Investment Council raised its stake in shares of Charter Communications by 26.7% in the third quarter. South Dakota Investment Council now owns 60,463 shares of the company’s stock valued at $16,634,000 after acquiring an additional 12,742 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Charter Communications by 79.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,352,359 shares of the company’s stock valued at $372,041,000 after purchasing an additional 597,933 shares in the last quarter. CI Investments Inc. raised its position in Charter Communications by 10.6% in the 3rd quarter. CI Investments Inc. now owns 573 shares of the company’s stock valued at $158,000 after purchasing an additional 55 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in Charter Communications by 227.9% in the third quarter. Focus Partners Advisor Solutions LLC now owns 3,171 shares of the company’s stock worth $872,000 after purchasing an additional 2,204 shares in the last quarter. Finally, 111 Capital grew its holdings in shares of Charter Communications by 36.7% during the third quarter. 111 Capital now owns 2,773 shares of the company’s stock worth $763,000 after purchasing an additional 745 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada dropped their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Oppenheimer lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Sanford C. Bernstein set a $220.00 price target on shares of Charter Communications in a research note on Wednesday, January 28th. Finally, Williams Trading set a $437.00 price objective on shares of Charter Communications in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $335.11.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $229.41 on Wednesday. The firm has a fifty day moving average of $214.14 and a two-hundred day moving average of $230.85. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.37 and a beta of 1.02. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $10.10 earnings per share. As a group, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.