Wilmington Savings Fund Society FSB Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Wilmington Savings Fund Society FSB purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 509 shares of the company’s stock, valued at approximately $165,000.

Other hedge funds have also made changes to their positions in the company. First Eagle Investment Management LLC lifted its position in Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after buying an additional 348,299 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after acquiring an additional 247,789 shares during the last quarter. FMR LLC increased 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 acquiring an additional 230,817 shares during the last quarter. Pzena Investment Management LLC lifted 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 worth $903,932,000 after acquiring an additional 175,130 shares during the period. Finally, Fernbridge Capital Management LP acquired a new stake in shares of Charter Communications in the third quarter worth approximately $48,200,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $358.26 on Thursday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. 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 capitalization of $50.94 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The firm’s fifty day moving average price is $368.87 and its 200 day moving average price is $339.63.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Morgan Stanley raised their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus price target of $384.42.

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.