Janus Henderson Group PLC Has $3.32 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Janus Henderson Group PLC decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,252 shares of the company’s stock after selling 31 shares during the period. Janus Henderson Group PLC’s holdings in Charter Communications were worth $3,322,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in shares of Charter Communications in the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications during the third quarter worth about $28,000. Grove Bank & Trust boosted its holdings in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC boosted its holdings in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 0.1 %

Charter Communications stock opened at $378.49 on Thursday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $53.82 billion, a P/E ratio of 11.82, a PEG ratio of 0.64 and a beta of 1.08. The stock has a 50-day simple moving average of $363.04 and a 200 day simple moving average of $335.84.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $8.25 earnings per share. Analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent analyst reports. Barclays boosted their target price on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Benchmark upped their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada upped their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Finally, Pivotal Research increased their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $378.00.

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.