Mirabella Financial Services LLP Buys Shares of 44,224 Charter Communications, Inc. (NASDAQ:CHTR)

Mirabella Financial Services LLP purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 44,224 shares of the company’s stock, valued at approximately $14,547,000. Charter Communications comprises approximately 0.9% of Mirabella Financial Services LLP’s holdings, making the stock its 28th biggest position.

Other large investors have also made changes to their positions in the company. Cornerstone Capital Inc. lifted its position in shares of Charter Communications by 40.7% in the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares during the last quarter. National Pension Service grew its holdings in Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after purchasing an additional 12,915 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Charter Communications in the third quarter valued at approximately $17,788,000. AustralianSuper Pty Ltd bought a new stake in shares of Charter Communications during the 2nd quarter worth $7,171,000. Finally, Cetera Investment Advisers grew its position in shares of Charter Communications by 432.3% in the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after purchasing an additional 6,009 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CHTR shares. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Finally, Barclays raised their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications Trading Up 1.2 %

Shares of CHTR stock opened at $388.27 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market capitalization of $55.21 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a 50-day moving average price of $348.11 and a 200 day moving average price of $325.83.

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

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.