Gluskin Sheff & Assoc Inc. lifted its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 22.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,651 shares of the company’s stock after acquiring an additional 31,536 shares during the quarter. Charter Communications comprises about 2.5% of Gluskin Sheff & Assoc Inc.’s investment portfolio, making the stock its 13th biggest holding. Gluskin Sheff & Assoc Inc.’s holdings in Charter Communications were worth $55,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Endowment Management LP grew its position in Charter Communications by 30.0% in the third quarter. Global Endowment Management LP now owns 3,470 shares of the company’s stock worth $1,131,000 after buying an additional 800 shares during the last quarter. AXA grew its position in Charter Communications by 457.1% in the third quarter. AXA now owns 182,680 shares of the company’s stock worth $59,532,000 after buying an additional 149,886 shares during the last quarter. Alliancebernstein L.P. grew its position in Charter Communications by 0.9% in the third quarter. Alliancebernstein L.P. now owns 448,081 shares of the company’s stock worth $146,021,000 after buying an additional 3,841 shares during the last quarter. South Texas Money Management Ltd. acquired a new position in Charter Communications in the third quarter worth approximately $209,000. Finally, Keybank National Association OH grew its position in Charter Communications by 59.6% in the third quarter. Keybank National Association OH now owns 3,975 shares of the company’s stock worth $1,295,000 after buying an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Several equities analysts have weighed in on CHTR shares. Barclays set a $259.00 price objective on shares of Charter Communications and gave the stock a “sell” rating in a research report on Wednesday, October 10th. Macquarie reiterated a “buy” rating and set a $355.00 price objective on shares of Charter Communications in a research report on Wednesday, September 12th. BidaskClub upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, Buckingham Research lowered their price objective on shares of Charter Communications from $418.00 to $383.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $360.13.

In other Charter Communications news, insider John Bickham sold 144,672 shares of Charter Communications stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.

Shares of NASDAQ:CHTR opened at $323.60 on Tuesday. The firm has a market cap of $75.21 billion, a price-to-earnings ratio of 122.11, a P/E/G ratio of 1.67 and a beta of 1.15. Charter Communications Inc has a 12-month low of $250.10 and a 12-month high of $396.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.23.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $1.06. The company had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. Equities analysts forecast that Charter Communications Inc will post 5.19 EPS for the current fiscal 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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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