Captrust Financial Advisors Has $402,000 Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Captrust Financial Advisors grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,240 shares of the company’s stock after buying an additional 84 shares during the quarter. Captrust Financial Advisors’ holdings in Charter Communications were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHTR. First Eagle Investment Management LLC lifted its holdings in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Charter Communications by 12,597.3% in the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after buying an additional 247,789 shares in the last quarter. FMR LLC grew its stake in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after buying an additional 175,130 shares in the last quarter. Finally, Fernbridge Capital Management LP bought a new position in shares of Charter Communications in the 3rd quarter valued at $48,200,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $379.78 on Friday. The firm has a market capitalization of $54.00 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a fifty day moving average of $366.42 and a 200-day moving average of $337.25. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm 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 business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.25 earnings per share. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHTR. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a report on Monday, September 30th. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $384.42.

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.