Altrinsic Global Advisors LLC Has $11.39 Million Holdings in Charter Communications, Inc. $CHTR

Altrinsic Global Advisors LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,389 shares of the company’s stock after purchasing an additional 10,937 shares during the quarter. Charter Communications accounts for approximately 0.4% of Altrinsic Global Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Altrinsic Global Advisors LLC’s holdings in Charter Communications were worth $11,386,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Charter Communications by 19.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 86,579 shares of the company’s stock worth $23,818,000 after buying an additional 14,038 shares in the last quarter. L1 Capital Pty Ltd acquired a new position in shares of Charter Communications during the 3rd quarter worth about $79,656,000. Creative Planning grew its holdings in shares of Charter Communications by 4.4% in the 3rd quarter. Creative Planning now owns 14,229 shares of the company’s stock valued at $3,914,000 after acquiring an additional 599 shares in the last quarter. SummitTX Capital L.P. grew its holdings in shares of Charter Communications by 53.5% in the 3rd quarter. SummitTX Capital L.P. now owns 7,738 shares of the company’s stock valued at $2,129,000 after acquiring an additional 2,697 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Charter Communications by 826.1% in the third quarter. AQR Capital Management LLC now owns 1,244,034 shares of the company’s stock valued at $342,240,000 after acquiring an additional 1,109,703 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CHTR shares. BNP Paribas Exane reduced their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. New Street Research lowered their price target on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Williams Trading set a $437.00 price objective on Charter Communications in a research note on Monday, February 2nd. The Goldman Sachs Group cut their price objective on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $335.11.

Charter Communications Stock Up 1.4%

Shares of CHTR opened at $218.19 on Friday. The firm has a market cap of $27.63 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.34 and a beta of 1.02. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06. The firm’s 50-day simple moving average is $216.65 and its 200 day simple moving average is $228.59.

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

About Charter Communications

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.