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

Thrivent Financial for Lutherans lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 146.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its position in Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after acquiring an additional 247,789 shares during the period. Pzena Investment Management LLC boosted its position in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares in the last quarter. Zimmer Partners LP bought a new position in Charter Communications in the first quarter valued at approximately $32,074,000. Finally, International Assets Investment Management LLC acquired a new position in Charter Communications during the third quarter valued at approximately $244,720,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of CHTR opened at $384.47 on Tuesday. The business has a 50-day moving average of $348.93 and a 200-day moving average of $326.68. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $54.67 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the company from $385.00 to $450.00 in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday, September 11th. Benchmark increased their target price on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.