Sanctuary Advisors LLC Has $2 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Sanctuary Advisors LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,159 shares of the company’s stock after acquiring an additional 2,105 shares during the period. Sanctuary Advisors LLC’s holdings in Charter Communications were worth $1,996,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pzena Investment Management LLC grew its stake in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC boosted its holdings 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 worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after buying an additional 7,008 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CHTR shares. Morgan Stanley increased their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research report on Monday, September 30th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Barclays upped their price target on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Down 3.4 %

CHTR opened at $358.26 on Thursday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The firm has a market capitalization of $50.94 billion, a P/E ratio of 11.22, a PEG ratio of 0.60 and a beta of 1.08. The company’s 50-day moving average is $368.87 and its 200 day moving average is $339.63. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced 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 firm 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 company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.25 EPS. Research analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal 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.