Charter Communications, Inc. $CHTR Stock: Signaturefd LLC Raises Holdings

Signaturefd LLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1,107.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,607 shares of the company’s stock after buying an additional 10,646 shares during the quarter. Signaturefd LLC’s holdings in Charter Communications were worth $1,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHTR. TD Waterhouse Canada Inc. boosted its position in Charter Communications by 3,624.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 60,224 shares of the company’s stock worth $6,679,000 after acquiring an additional 58,607 shares during the period. Krilogy Financial LLC increased its holdings in shares of Charter Communications by 278.6% during the third quarter. Krilogy Financial LLC now owns 21,293 shares of the company’s stock valued at $2,361,000 after purchasing an additional 15,669 shares during the period. Polianta Ltd acquired a new position in shares of Charter Communications during the second quarter valued at $1,777,000. California First Leasing Corp increased its holdings in shares of Charter Communications by 100.1% during the first quarter. California First Leasing Corp now owns 24,772 shares of the company’s stock valued at $5,348,000 after purchasing an additional 12,390 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Charter Communications by 54.3% during the first quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock valued at $9,893,000 after purchasing an additional 16,118 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHTR. TD Cowen reduced their price objective on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating for the company in a report on Monday, July 27th. Morgan Stanley decreased their target price on shares of Charter Communications from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, September 25th. Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 target price on shares of Charter Communications in a research note on Monday, July 27th. Bank of America restated a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. Finally, UBS Group reduced their price target on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average price target of $202.53.

Charter Communications Stock Up 2.7%

Shares of CHTR stock opened at $104.93 on Wednesday. The stock has a 50-day simple moving average of $126.67 and a 200 day simple moving average of $166.71. Charter Communications, Inc. has a fifty-two week low of $101.11 and a fifty-two week high of $254.11.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.