Charter Communications, Inc. $CHTR Shares Newly Acquired by Aire Advisors LLC

Aire Advisors LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,892 shares of the company’s stock, valued at approximately $875,000.

Several other large investors have also recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its holdings 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 valued at $6,679,000 after purchasing an additional 58,607 shares in the last quarter. Krilogy Financial LLC raised its position in shares of Charter Communications by 278.6% in the 3rd 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 in the last quarter. Polianta Ltd purchased a new position in shares of Charter Communications during the 2nd quarter valued at approximately $1,777,000. California First Leasing Corp increased its stake in shares of Charter Communications by 100.1% in the first quarter. California First Leasing Corp now owns 24,772 shares of the company’s stock worth $5,348,000 after buying an additional 12,390 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Charter Communications by 54.3% during the 1st quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock valued at $9,893,000 after acquiring an additional 16,118 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Bank of America reiterated a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. TD Cowen cut their price target on Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada lowered their target price on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Monday, July 27th. Finally, UBS Group decreased their price target on 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 equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, Charter Communications presently has an average rating of “Reduce” and an average target price of $202.53.

Charter Communications Price Performance

Shares of CHTR opened at $107.26 on Thursday. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 2.79, a P/E/G ratio of 0.23 and a beta of 0.70. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50-day moving average is $130.26 and its 200-day moving average is $147.05. Charter Communications, Inc. has a fifty-two week low of $101.63 and a fifty-two week high of $254.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating the consensus estimate of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.18 EPS. Equities research analysts expect that Charter Communications, Inc. will post 42.92 EPS for the current fiscal year.

Charter Communications 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.