Healthcare of Ontario Pension Plan Trust Fund Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,322 shares of the company’s stock, valued at approximately $3,021,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. CVA Family Office LLC increased its holdings in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. Grove Bank & Trust raised its position in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after buying an additional 35 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $396.96 on Friday. The stock’s 50-day simple moving average is $353.45 and its 200-day simple moving average is $329.56. The firm has a market capitalization of $56.45 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.62 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.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter last year, the company earned $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. Pivotal Research increased their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $378.00.

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.