Doliver Advisors LP Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Doliver Advisors LP purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,159 shares of the company’s stock, valued at approximately $740,000.

Other large investors have also added to or reduced their stakes in the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Charter Communications during the third quarter worth about $1,345,000. Worldquant Millennium Advisors LLC lifted its holdings in Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after buying an additional 26,446 shares during the period. Cornerstone Capital Inc. grew its position in shares of Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares during the last quarter. Franklin Resources Inc. increased its stake 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 period. Finally, National Pension Service raised its holdings in shares of Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after acquiring an additional 12,915 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price target 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. Morgan Stanley raised their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research upped 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. Finally, Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research note on Monday, September 30th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Stock Down 2.9 %

Shares of NASDAQ CHTR traded down $10.54 during midday trading on Monday, hitting $347.81. The stock had a trading volume of 391,020 shares, compared to its average volume of 988,584. The business’s 50 day moving average is $373.82 and its 200-day moving average is $346.06. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market cap of $49.46 billion, a P/E ratio of 10.89, a PEG ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data 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 business had revenue of $13.80 billion for 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%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $8.25 EPS. As a group, analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.