Charter Communications, Inc. $CHTR Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 227.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,171 shares of the company’s stock after buying an additional 2,204 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Charter Communications were worth $872,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Charter Communications during the second quarter valued at about $1,145,387,000. Vanguard Group Inc. boosted its stake in Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after purchasing an additional 1,130,648 shares in the last quarter. Lind Value II ApS acquired a new stake in Charter Communications in the 3rd quarter worth approximately $60,646,000. Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 15.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock worth $644,210,000 after purchasing an additional 209,869 shares during the last quarter. Finally, State Street Corp grew its position in Charter Communications by 3.2% during the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after purchasing an additional 198,979 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 1.0%

Charter Communications stock opened at $232.24 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The firm has a market cap of $29.41 billion, a PE ratio of 6.40, a P/E/G ratio of 0.37 and a beta of 1.02. The stock’s 50 day simple moving average is $215.56 and its two-hundred day simple moving average is $230.35. Charter Communications, Inc. has a 12 month low of $180.38 and a 12 month high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its 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). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the prior year, the firm earned $10.10 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Williams Trading set a $437.00 target price on Charter Communications in a research note on Monday, February 2nd. UBS Group set a $425.00 price target on Charter Communications in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada dropped their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Company 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.