1,020 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,020 shares of the company’s stock, valued at approximately $350,000.

Several other hedge funds have also recently bought and sold shares of CHTR. GAMMA Investing LLC lifted its position in shares of Charter Communications by 9.7% during the fourth quarter. GAMMA Investing LLC now owns 1,977 shares of the company’s stock worth $678,000 after purchasing an additional 175 shares in the last quarter. Principal Financial Group Inc. grew its stake in Charter Communications by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 112,103 shares of the company’s stock worth $36,330,000 after buying an additional 2,495 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Charter Communications in the 3rd quarter worth about $1,345,000. Franklin Resources Inc. raised its holdings in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in Charter Communications by 1.3% during the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company’s stock worth $5,594,000 after acquiring an additional 229 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of several research reports. Royal Bank of Canada upped their price target on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research report on Monday, September 30th. Morgan Stanley increased their target price 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 increased their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Trading Down 2.5 %

CHTR opened at $349.55 on Tuesday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The firm has a 50-day moving average price of $374.21 and a two-hundred day moving average price of $346.53. The stock has a market capitalization of $49.70 billion, a PE ratio of 10.95, a PEG ratio of 0.60 and a beta of 1.10. 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 posted its quarterly 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. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter last year, the business earned $8.25 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications, Inc. will post 32.87 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.