Charter Communications, Inc. (NASDAQ:CHTR) Holdings Reduced by Circle Wealth Management LLC

Circle Wealth Management LLC lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,613 shares of the company’s stock after selling 134 shares during the quarter. Circle Wealth Management LLC’s holdings in Charter Communications were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. First Eagle Investment Management LLC raised its stake in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after acquiring an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after purchasing an additional 247,789 shares in the last quarter. FMR LLC lifted its holdings in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares during the period. Pzena Investment Management LLC increased its stake in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after buying an additional 175,130 shares during the period. Finally, Fernbridge Capital Management LP bought a new stake in shares of Charter Communications during the 3rd quarter worth about $48,200,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Up 1.8 %

NASDAQ:CHTR opened at $396.96 on Friday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The firm has a market capitalization of $56.45 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.62 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The business’s fifty day moving average price is $353.45 and its 200 day moving average price is $329.20.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the prior year, the firm earned $8.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHTR. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Barclays lifted their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday. Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.