Commerzbank Aktiengesellschaft FI Takes $235,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 724 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. CVA Family Office LLC increased its holdings in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Charter Communications in the 1st quarter valued at $34,000. Grove Bank & Trust raised its position in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new stake in Charter Communications in the 2nd quarter valued at $50,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 0.1 %

CHTR stock opened at $332.02 on Friday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $47.82 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $430.57. The stock has a fifty day moving average of $334.89 and a 200-day moving average of $308.49.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the company earned $8.05 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Charter Communications, Inc. will post 32.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHTR. TD Cowen increased their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Barclays increased their price target on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective for the company. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $356.41.

About Charter Communications

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.