Profund Advisors LLC Grows Position in Charter Communications, Inc. $CHTR

Profund Advisors LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,335 shares of the company’s stock after buying an additional 2,470 shares during the quarter. Profund Advisors LLC’s holdings in Charter Communications were worth $4,494,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CHTR. Atlantic Union Bankshares Corp purchased a new position in Charter Communications during the second quarter worth about $25,000. Ameritas Advisory Services LLC bought a new position in Charter Communications during the 2nd quarter worth approximately $28,000. Webster Bank N. A. bought a new position in shares of Charter Communications during the third quarter valued at about $28,000. Heritage Wealth Advisors bought a new position in shares of Charter Communications during the second quarter valued at approximately $29,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of several recent research reports. Oppenheimer downgraded Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group dropped their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Williams Trading set a $437.00 target price on shares of Charter Communications in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research report on Tuesday, February 3rd. Finally, UBS Group set a $425.00 price objective on shares of Charter Communications in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $335.67.

Charter Communications Trading Up 3.4%

NASDAQ:CHTR opened at $231.14 on Monday. The firm has a market cap of $29.27 billion, a P/E ratio of 6.37, a P/E/G ratio of 0.36 and a beta of 1.05. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06. 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 firm has a 50-day simple moving average of $204.20 and a 200-day simple moving average of $235.90.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, January 30th. The company reported $10.34 EPS 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 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 quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $10.10 earnings per share. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.