Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Cornerstone Capital Inc.

Cornerstone Capital Inc. grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 40.7% during the 3rd quarter, Holdings Channel reports. The fund owned 37,860 shares of the company’s stock after buying an additional 10,950 shares during the quarter. Cornerstone Capital Inc.’s holdings in Charter Communications were worth $12,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Savant Capital LLC lifted its holdings in Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares during the period. US Bancorp DE lifted its stake in shares of Charter Communications by 0.4% in the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust increased its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Up 1.3 %

Charter Communications stock traded up $4.71 during trading on Tuesday, reaching $380.54. The company had a trading volume of 167,657 shares, compared to its average volume of 1,375,923. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The firm has a market capitalization of $54.32 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.66 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $422.92. The stock’s 50 day moving average price is $333.47 and its two-hundred day moving average price is $313.19.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the prior year, the firm posted $8.25 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Charter Communications, Inc. will post 32.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the topic of several research reports. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the company from $385.00 to $450.00 in a research note on Monday. TD Cowen upped their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities raised their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $379.06.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.