Stephens Inc. AR Makes New $204,000 Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Stephens Inc. AR acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 629 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds also recently added to or reduced their stakes in the company. Aspen Wealth Strategies LLC bought a new stake in Charter Communications in the 3rd quarter valued at about $442,000. Reston Wealth Management LLC bought a new stake in Charter Communications in the 3rd quarter valued at about $26,000. AustralianSuper Pty Ltd lifted its position in Charter Communications by 3.5% in the 3rd quarter. AustralianSuper Pty Ltd now owns 24,827 shares of the company’s stock valued at $8,046,000 after purchasing an additional 842 shares during the last quarter. US Bancorp DE lifted its position in Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of Charter Communications by 3.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,487 shares of the company’s stock worth $806,000 after buying an additional 73 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR stock opened at $393.71 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market capitalization of $56.20 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.68 and a beta of 1.03. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $421.16. The firm has a 50 day moving average of $336.70 and a two-hundred day moving average of $316.11.

Charter Communications (NASDAQ:CHTR) last released its 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 firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $8.25 EPS. As a group, equities analysts anticipate that Charter Communications, Inc. will post 32.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Rosenblatt Securities boosted their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, TD Cowen boosted their target price 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. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $379.06.

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.