Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,030 shares of the company’s stock after purchasing an additional 265 shares during the period. XTX Topco Ltd’s holdings in Charter Communications were worth $2,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its holdings in shares of Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares during the period. FMR LLC increased its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after buying an additional 7,008 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after buying an additional 69,959 shares during the period. Finally, First Pacific Advisors LP grew its holdings in Charter Communications by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after buying an additional 12,218 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHTR has been the topic of several recent analyst reports. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and lifted their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Benchmark increased their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Finally, Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $378.00.

Charter Communications Price Performance

NASDAQ CHTR opened at $403.06 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a market cap of $57.32 billion, a PE ratio of 12.62, a PEG ratio of 0.64 and a beta of 1.08. The stock’s 50-day moving average price is $359.69 and its two-hundred day moving average price is $332.66.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the business earned $8.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.