Quantinno Capital Management LP Buys 2,230 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Quantinno Capital Management LP boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,589 shares of the company’s stock after purchasing an additional 2,230 shares during the quarter. Quantinno Capital Management LP’s holdings in Charter Communications were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications during the third quarter valued at approximately $28,000. Grove Bank & Trust boosted its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. CVA Family Office LLC boosted its stake in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $403.06 on Friday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $57.32 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.64 and a beta of 1.08. The firm’s 50 day simple moving average is $361.22 and its 200-day simple moving average is $333.96. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHTR. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price target 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. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.