Cerity Partners LLC Purchases 6,435 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cerity Partners LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 62.8% in the third quarter, Holdings Channel.com reports. The firm owned 16,687 shares of the company’s stock after buying an additional 6,435 shares during the period. Cerity Partners LLC’s holdings in Charter Communications were worth $5,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CHTR. Cornerstone Capital Inc. lifted its holdings in Charter Communications by 40.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after purchasing an additional 10,950 shares in the last quarter. National Pension Service lifted its holdings in shares of Charter Communications by 8.1% in the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after buying an additional 12,915 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Charter Communications in the third quarter valued at approximately $17,788,000. AustralianSuper Pty Ltd purchased a new position in Charter Communications during the second quarter valued at approximately $7,171,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after acquiring an additional 7,008 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the subject of several analyst reports. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research note on Monday, September 30th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $378.00.

Charter Communications Stock Performance

Shares of CHTR stock opened at $389.81 on Friday. The company has a market capitalization of $55.43 billion, a P/E ratio of 12.21, a PEG ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a 50 day moving average price of $352.12 and a two-hundred day moving average price of $328.36.

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

Charter Communications Company Profile

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.