Robeco Institutional Asset Management B.V. increased its stake in Charter Communications Inc (NASDAQ:CHTR) by 24.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,001 shares of the company’s stock after buying an additional 86,182 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.19% of Charter Communications worth $145,344,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vigilant Capital Management LLC bought a new stake in Charter Communications in the third quarter worth $106,000. Chicago Partners Investment Group LLC lifted its position in Charter Communications by 254.6% in the second quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after buying an additional 247 shares during the last quarter. Kaizen Advisory LLC lifted its position in Charter Communications by 122.7% in the second quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after buying an additional 238 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Charter Communications in the second quarter worth $129,000. Finally, Sun Life Financial INC lifted its position in Charter Communications by 89.8% in the second quarter. Sun Life Financial INC now owns 501 shares of the company’s stock worth $147,000 after buying an additional 237 shares during the last quarter. Institutional investors own 71.10% of the company’s stock.
A number of analysts have weighed in on CHTR shares. Barclays set a $259.00 target price on Charter Communications and gave the stock a “sell” rating in a research note on Wednesday, October 10th. Macquarie reiterated a “buy” rating and issued a $355.00 target price on shares of Charter Communications in a research note on Wednesday, September 12th. ValuEngine lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and a consensus price target of $360.13.
Shares of Charter Communications stock opened at $321.11 on Friday. The firm has a market cap of $75.17 billion, a PE ratio of 68.12, a PEG ratio of 1.67 and a beta of 1.15. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.23. Charter Communications Inc has a 12 month low of $250.10 and a 12 month high of $396.64.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.05 by $1.06. The firm had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Sell-side analysts predict that Charter Communications Inc will post 5.17 earnings per share for the current year.
In other news, insider John Bickham sold 144,672 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.
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About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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