Profund Advisors LLC Buys 2,470 Shares of Charter Communications, Inc. $CHTR

Profund Advisors LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,335 shares of the company’s stock after purchasing an additional 2,470 shares during the period. Profund Advisors LLC’s holdings in Charter Communications were worth $4,494,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Charter Communications by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock worth $3,365,203,000 after purchasing an additional 39,944 shares in the last quarter. State Street Corp boosted its position in Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after acquiring an additional 198,979 shares during the last quarter. Norges Bank bought a new stake in shares of Charter Communications during the 2nd quarter valued at about $1,145,387,000. Geode Capital Management LLC boosted its holdings in shares of Charter Communications by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock worth $1,056,800,000 after buying an additional 41,206 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Charter Communications by 0.7% during the second quarter. Invesco Ltd. now owns 1,848,370 shares of the company’s stock worth $755,632,000 after acquiring an additional 13,563 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ CHTR opened at $231.14 on Monday. The company has a fifty day moving average price of $204.20 and a 200-day moving average price of $235.90. The firm has a market cap of $29.27 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.36 and a beta of 1.05. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHTR shares. TD Cowen increased their price objective on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Royal Bank Of Canada cut their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. BNP Paribas Exane set a $160.00 target price on Charter Communications in a report on Tuesday, January 27th. Finally, Barclays reduced their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $335.67.

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.