Tidal Investments LLC Purchases 212,668 Shares of Charter Communications, Inc. $CHTR

Tidal Investments LLC grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 737.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,503 shares of the company’s stock after purchasing an additional 212,668 shares during the quarter. Tidal Investments LLC’s holdings in Charter Communications were worth $34,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Thompson Siegel & Walmsley LLC boosted its holdings in Charter Communications by 1,804.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock worth $21,403,000 after buying an additional 97,143 shares during the period. Norges Bank purchased a new position in shares of Charter Communications in the fourth quarter valued at about $555,383,000. Swiss Life Asset Management Ltd boosted its stake in shares of Charter Communications by 110.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock worth $6,521,000 after acquiring an additional 16,415 shares during the period. Polianta Ltd bought a new stake in Charter Communications during the 2nd quarter valued at approximately $1,777,000. Finally, BW Gestao de Investimentos Ltda. bought a new stake in Charter Communications during the 4th quarter valued at approximately $3,131,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. New Street Research dropped their price target on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. UBS Group reduced their price objective on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. TD Cowen lowered their target price on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Benchmark reaffirmed a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $226.88.

Charter Communications Trading Down 8.1%

CHTR stock opened at $133.89 on Thursday. The firm has a fifty day moving average price of $143.41 and a 200 day moving average price of $169.35. Charter Communications, Inc. has a fifty-two week low of $111.55 and a fifty-two week high of $285.82. The firm has a market cap of $15.97 billion, a PE ratio of 3.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.69. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.18 EPS. Sell-side analysts anticipate that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.