Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 14.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,809 shares of the company’s stock after acquiring an additional 611 shares during the period. Assetmark Inc.’s holdings in Charter Communications were worth $1,559,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the third quarter valued at about $26,000. CVA Family Office LLC grew its position in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Charter Communications in the 1st quarter valued at approximately $34,000. Grove Bank & Trust raised its position in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Morgan Stanley raised their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Charter Communications has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Down 2.9 %

Charter Communications stock opened at $394.25 on Friday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $421.16. The stock has a market cap of $56.06 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.62 and a beta of 1.03. The company’s 50-day moving average price is $340.07 and its two-hundred day moving average price is $319.36. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

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

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.