Quest Partners LLC Makes New $616,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Quest Partners LLC 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 SEC. The institutional investor acquired 1,902 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications during the 3rd quarter worth approximately $28,000. CVA Family Office LLC raised its holdings in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new position in Charter Communications during the first quarter valued at approximately $34,000. Finally, Grove Bank & Trust grew its stake 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 during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Pivotal Research lifted their target price 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. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Morgan Stanley upped their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Performance

Shares of CHTR opened at $388.27 on Friday. The stock has a market capitalization of $55.21 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. The business’s fifty day moving average price is $348.11 and its 200 day moving average price is $325.06. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during 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 company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $8.25 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current 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.