Bank of Montreal Can grew its stake in Charter Communications Inc (NASDAQ:CHTR) by 61.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 125,390 shares of the company’s stock after acquiring an additional 47,834 shares during the period. Bank of Montreal Can owned about 0.05% of Charter Communications worth $40,862,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA grew its holdings in shares of Charter Communications by 20.1% in the third quarter. LFA Lugano Financial Advisors SA now owns 1,324 shares of the company’s stock valued at $431,000 after purchasing an additional 222 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Charter Communications by 166.7% in the first quarter. Assetmark Inc. now owns 360 shares of the company’s stock valued at $112,000 after purchasing an additional 225 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Charter Communications by 0.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 33,881 shares of the company’s stock valued at $9,934,000 after purchasing an additional 232 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Charter Communications by 76.3% in the second quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock valued at $156,000 after purchasing an additional 235 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in shares of Charter Communications by 89.8% in the second quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after purchasing an additional 237 shares in the last quarter. 71.07% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CHTR opened at $319.83 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46. Charter Communications Inc has a 52 week low of $250.10 and a 52 week high of $396.64. The company has a market cap of $75.56 billion, a price-to-earnings ratio of 120.69, a PEG ratio of 1.94 and a beta of 1.20.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.95 by $0.20. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The company had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts expect that Charter Communications Inc will post 4.43 EPS for the current fiscal year.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

A number of research analysts recently weighed in on CHTR shares. Pivotal Research lifted their price objective on shares of Charter Communications from $375.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Buckingham Research lifted their price objective on shares of Charter Communications from $397.00 to $418.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Macquarie restated a “buy” rating and issued a $355.00 price objective on shares of Charter Communications in a report on Wednesday, August 1st. Goldman Sachs Group upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $315.00 to $361.00 in a report on Thursday, June 21st. Finally, Citigroup dropped their price objective on shares of Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and an average target price of $364.00.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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