Thrivent Financial for Lutherans Acquires 5,782 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Thrivent Financial for Lutherans grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 146.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,734 shares of the company’s stock after purchasing an additional 5,782 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Charter Communications were worth $3,154,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CHTR. Savant Capital LLC grew its holdings in Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock worth $556,000 after purchasing an additional 31 shares during the period. US Bancorp DE boosted its position in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after purchasing an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares during the period. Grove Bank & Trust grew its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC increased its position in Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR opened at $384.47 on Tuesday. The stock has a 50 day moving average of $348.93 and a 200 day moving average of $326.68. The company has a market capitalization of $54.67 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (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 analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $8.25 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHTR shares. TD Cowen increased their price target on 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 Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a report on Monday, September 30th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Wells Fargo & Company raised their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada boosted their target price on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $379.06.

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.