XTX Topco Ltd Increases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

XTX Topco Ltd grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 54.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,765 shares of the company’s stock after buying an additional 3,080 shares during the quarter. XTX Topco Ltd’s holdings in Charter Communications were worth $2,620,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHTR. Capital International Investors grew its stake in Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC boosted its position in 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 purchasing an additional 175,130 shares in the last quarter. Parnassus Investments LLC grew its stake in Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after acquiring an additional 463,968 shares during the last quarter. Putnam Investments LLC grew its position in shares of Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after purchasing an additional 242,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after buying an additional 69,959 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Wolfe Research cut shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 31st. Pivotal Research increased their target price on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Morgan Stanley boosted their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $360.93.

Charter Communications Trading Up 0.1 %

NASDAQ:CHTR opened at $339.64 on Thursday. 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 stock has a market capitalization of $48.92 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The business’s 50-day simple moving average is $343.87 and its 200-day simple moving average is $301.60. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share 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 analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $8.05 EPS. Sell-side analysts expect that Charter Communications, Inc. will post 32.52 earnings per share for the current fiscal 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.