21,690 Charter Communications, Inc. $CHTR Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 21.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 121,854 shares of the company’s stock after acquiring an additional 21,690 shares during the period. Vontobel Holding Ltd.’s holdings in Charter Communications were worth $13,514,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in Charter Communications during the 1st quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in Charter Communications in the 2nd quarter worth about $28,000. MCF Advisors LLC lifted its stake in Charter Communications by 106.5% in the second quarter. MCF Advisors LLC now owns 223 shares of the company’s stock worth $32,000 after purchasing an additional 115 shares during the last quarter. Raiffeisen Bank International AG lifted its stake in Charter Communications by 259.7% in the second quarter. Raiffeisen Bank International AG now owns 223 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in Charter Communications in the third quarter worth about $77,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHTR. Wolfe Research restated an “underperform” rating and set a $118.00 target price on shares of Charter Communications in a research report on Monday, September 14th. Benchmark reiterated a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Wells Fargo & Company decreased their price target on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Barclays decreased their price target on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Finally, Arete Research upgraded Charter Communications to a “strong sell” rating in a report on Thursday, October 1st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $202.53.

Charter Communications Trading Up 0.1%

NASDAQ CHTR opened at $110.11 on Friday. The company’s 50-day moving average price is $132.97 and its 200-day moving average price is $149.85. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The stock has a market cap of $13.13 billion, a PE ratio of 2.86, a PEG ratio of 0.23 and a beta of 0.70. Charter Communications, Inc. has a 12 month low of $101.63 and a 12 month high of $256.60.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The company had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same quarter last year, the firm posted $9.18 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Charter Communications, Inc. will post 42.92 earnings per share for the current year.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.