Nisa Investment Advisors LLC Boosts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Nisa Investment Advisors LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,478 shares of the company’s stock after buying an additional 4,813 shares during the period. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $11,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in CHTR. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Charter Communications in the 3rd quarter worth $28,000. Grove Bank & Trust grew 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 worth $39,000 after buying an additional 34 shares in the last quarter. CVA Family Office LLC increased its stake in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Charter Communications by 28.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 2.0 %

Charter Communications stock opened at $359.96 on Friday. The business’s 50-day moving average price is $367.54 and its 200 day moving average price is $350.47. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market cap of $51.19 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS 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 business 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 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 34.62 earnings per share for the current year.

Analysts Set New Price Targets

CHTR has been the topic of several research reports. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Barclays lifted their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Benchmark raised their price target on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $383.89.

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.