Bleakley Financial Group LLC Has $1.61 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Bleakley Financial Group LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,966 shares of the company’s stock after purchasing an additional 690 shares during the period. Bleakley Financial Group LLC’s holdings in Charter Communications were worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Swedbank AB lifted its stake in Charter Communications by 8.7% in the 3rd quarter. Swedbank AB now owns 41,367 shares of the company’s stock valued at $13,406,000 after purchasing an additional 3,298 shares during the last quarter. Creative Planning increased its position in shares of Charter Communications by 1.5% during the third quarter. Creative Planning now owns 10,981 shares of the company’s stock worth $3,559,000 after buying an additional 161 shares during the period. Grove Bank & Trust increased its position in shares of 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 during the period. VitalStone Financial LLC acquired a new stake in Charter Communications in the third quarter worth $281,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Charter Communications in the third quarter worth $7,061,000. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Royal Bank of Canada began coverage on shares of Charter Communications in a research report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Pivotal Research lifted their price objective on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, TD Cowen boosted their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $356.41.

Charter Communications Stock Down 0.6 %

Shares of Charter Communications stock opened at $325.61 on Friday. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The company has a 50-day moving average of $336.52 and a 200 day moving average of $307.34. The firm has a market cap of $46.90 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $449.69.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $8.05 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.42 earnings per share for the current fiscal year.

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.