Qsemble Capital Management LP Purchases New Shares in Charter Communications, Inc. (NASDAQ:CHTR)

Qsemble Capital Management LP acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,292 shares of the company’s stock, valued at approximately $2,039,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its holdings in Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after buying an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. increased its position 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 worth $80,941,000 after purchasing an additional 247,789 shares in the last quarter. Pzena Investment Management LLC raised its stake in Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Zimmer Partners LP purchased a new position in Charter Communications in the 1st quarter valued at $32,074,000. Finally, International Assets Investment Management LLC acquired a new stake in Charter Communications during the 3rd quarter worth $244,720,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $384.47 on Tuesday. The stock has a 50 day moving average price of $348.93 and a 200 day moving average price of $326.68. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. 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 $54.67 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHTR. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research note on Wednesday, September 11th. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. TD Cowen raised their target price on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications 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.