Charter Communications Inc (CHTR) Stake Boosted by Axa
Axa lifted its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 457.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,680 shares of the company’s stock after purchasing an additional 149,886 shares during the quarter. Axa’s holdings in Charter Communications were worth $59,532,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Charter Communications by 45.7% during the third quarter. Bessemer Group Inc. now owns 634 shares of the company’s stock worth $206,000 after acquiring an additional 199 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Charter Communications by 9.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,244 shares of the company’s stock worth $731,000 after acquiring an additional 200 shares during the period. LFA Lugano Financial Advisors SA raised its holdings in shares of Charter Communications by 20.1% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,324 shares of the company’s stock worth $431,000 after acquiring an additional 222 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in shares of Charter Communications by 0.7% during the second quarter. Metropolitan Life Insurance Co. NY now owns 33,881 shares of the company’s stock worth $9,934,000 after acquiring an additional 232 shares during the period. Finally, Advisory Services Network LLC raised its holdings in shares of Charter Communications by 76.3% during the second quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock worth $156,000 after acquiring an additional 235 shares during the period. 72.01% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. Raymond James dropped their price objective on shares of Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Citigroup dropped their price objective on shares of Charter Communications from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. BidaskClub upgraded shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Finally, Barclays set a $259.00 price objective on shares of Charter Communications and gave the stock a “sell” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and a consensus target price of $360.13.
Shares of CHTR stock opened at $328.54 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.53. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $396.64. The firm has a market capitalization of $75.21 billion, a price-to-earnings ratio of 123.98, a price-to-earnings-growth ratio of 1.67 and a beta of 1.15.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The firm had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same period in the previous year, the business earned $0.19 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Research analysts expect that Charter Communications Inc will post 5.19 EPS for the current year.
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Charter Communications Profile
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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