Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Lifted by National Bank of Canada FI

National Bank of Canada FI lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 71.0% in the 3rd quarter, Holdings Channel reports. The fund owned 68,739 shares of the company’s stock after buying an additional 28,536 shares during the period. National Bank of Canada FI’s holdings in Charter Communications were worth $22,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after buying an additional 247,789 shares in the last quarter. FMR LLC boosted its stake in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after acquiring an additional 175,130 shares in the last quarter. Finally, Fernbridge Capital Management LP acquired a new position in shares of Charter Communications in the third quarter worth $48,200,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CHTR shares. Pivotal Research boosted their target price on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Barclays increased their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $378.00.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $365.96 on Tuesday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $52.04 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The firm has a fifty day moving average price of $362.06 and a two-hundred day moving average price of $335.09. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $8.25 earnings per share. Analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current year.

About Charter Communications

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.