NEOS Investment Management LLC Has $15.24 Million Stock Position in Charter Communications, Inc. $CHTR

NEOS Investment Management LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 68.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 55,391 shares of the company’s stock after acquiring an additional 22,524 shares during the period. NEOS Investment Management LLC’s holdings in Charter Communications were worth $15,238,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Advisory Services Network LLC increased its stake in Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after acquiring an additional 38 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Charter Communications by 20.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock worth $93,000 after acquiring an additional 39 shares during the last quarter. Occudo Quantitative Strategies LP raised its position in Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Charter Communications by 6.5% in the 2nd quarter. Brookstone Capital Management now owns 686 shares of the company’s stock worth $280,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Oppenheimer cut Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. UBS Group set a $425.00 price objective on shares of Charter Communications in a report on Thursday, January 29th. The Goldman Sachs Group lowered their target price on Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Finally, Williams Trading set a $437.00 price target on Charter Communications in a research report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $335.67.

Charter Communications Stock Performance

CHTR stock opened at $237.01 on Wednesday. The stock’s 50 day simple moving average is $209.62 and its 200 day simple moving average is $233.07. 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 stock has a market capitalization of $30.01 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 company 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 firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $10.10 earnings per share. As a group, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share 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.