7,414 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,414 shares of the company’s stock, valued at approximately $2,402,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new position in Charter Communications during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the third quarter worth approximately $28,000. Grove Bank & Trust lifted its position 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 buying an additional 34 shares in the last quarter. CVA Family Office LLC lifted its position in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of several recent analyst reports. Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Trading Up 3.3 %

NASDAQ:CHTR opened at $377.96 on Wednesday. The firm has a market cap of $53.75 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The stock has a fifty day moving average price of $362.06 and a 200 day moving average price of $335.09. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. 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 (NASDAQ:CHTR) last released its 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. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $8.25 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

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.