Point72 Asia Singapore Pte. Ltd. Acquires New Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,471 shares of the company’s stock, valued at approximately $2,097,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the third quarter worth about $28,000. CVA Family Office LLC increased its stake in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the period. Grove Bank & Trust increased its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after buying an additional 83 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Up 1.8 %

Shares of Charter Communications stock opened at $396.97 on Monday. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $56.45 billion, a P/E ratio of 12.43, a PEG ratio of 0.63 and a beta of 1.03. The company’s fifty day moving average is $353.45 and its two-hundred day moving average is $329.97.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period last year, the firm posted $8.25 EPS. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CHTR shares. Benchmark upped their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their target price on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note 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 target price on the stock. in a research note on Monday, September 30th. Barclays upped their target price on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upped their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Four 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $378.00.

About Charter Communications

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.