Charter Communications, Inc. $CHTR Shares Newly Bought by Aire Advisors LLC

Aire Advisors LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,892 shares of the company’s stock, valued at approximately $875,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHTR. Physician Wealth Advisors Inc. lifted its position in Charter Communications by 1,360.0% during the third quarter. Physician Wealth Advisors Inc. now owns 584 shares of the company’s stock worth $65,000 after buying an additional 544 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Charter Communications by 2.0% in the third quarter. Pinnacle Associates Ltd. now owns 35,426 shares of the company’s stock valued at $3,929,000 after buying an additional 680 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Charter Communications by 798.5% during the third quarter. Nisa Investment Advisors LLC now owns 201,424 shares of the company’s stock valued at $22,338,000 after acquiring an additional 179,007 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Charter Communications by 562.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company’s stock worth $36,426,000 after acquiring an additional 278,898 shares during the last quarter. Finally, Peoples Financial Services CORP. increased its holdings in Charter Communications by 25,468.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 4,091 shares of the company’s stock valued at $454,000 after purchasing an additional 4,075 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CHTR shares. Arete Research raised shares of Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a research report on Monday, July 27th. Benchmark reaffirmed a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. The Goldman Sachs Group decreased their price target on Charter Communications from $120.00 to $110.00 and set a “sell” rating for the company in a report on Friday, September 25th. Finally, Wolfe Research reissued an “underperform” rating and set a $118.00 target price on shares of Charter Communications in a research report on Monday, September 14th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications presently has an average rating of “Reduce” and an average target price of $202.53.

Charter Communications Trading Down 2.5%

NASDAQ CHTR opened at $107.26 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. The firm has a 50-day moving average price of $130.26 and a 200 day moving average price of $147.05. Charter Communications, Inc. has a 52-week low of $101.63 and a 52-week high of $254.11. The stock has a market capitalization of $12.79 billion, a P/E ratio of 2.79, a P/E/G ratio of 0.23 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 24th. The company reported $10.66 earnings per share 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 analyst estimates of $13.51 billion. During the same period in the prior year, the business posted $9.18 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 42.92 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.