Quantitative Investment Management LLC Makes New $825,000 Investment in Charter Communications, Inc. $CHTR

Quantitative Investment Management LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, Holdings Channel.com reports. The firm purchased 5,805 shares of the company’s stock, valued at approximately $825,000.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Charter Communications during the first quarter worth about $25,000. Quarry LP raised its holdings in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Charter Communications in the fourth quarter worth approximately $25,000. Finally, DV Equities LLC purchased a new position in Charter Communications in the 4th quarter worth approximately $25,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Charter Communications stock opened at $146.19 on Wednesday. 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 company has a market capitalization of $17.44 billion, a PE ratio of 3.80, a P/E/G ratio of 0.32 and a beta of 0.69. The firm has a fifty day simple moving average of $141.99 and a two-hundred day simple moving average of $173.08. Charter Communications, Inc. has a twelve month low of $111.55 and a twelve month high of $285.82.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $9.18 earnings per share. Research analysts expect that Charter Communications, Inc. will post 42.72 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CHTR shares. Benchmark reaffirmed a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Citigroup reduced their target price on Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Royal Bank Of Canada dropped their price target on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a research note on Monday, July 27th. Barclays cut their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, July 27th. Finally, TD Cowen reduced their price objective on Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $226.88.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.