MUFG Securities EMEA plc purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $7,268,000.

Several other hedge funds also recently made changes to their positions in the company. MML Investors Services LLC increased its stake in Charter Communications by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after purchasing an additional 11 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares in the last quarter. Intrust Bank NA increased its stake in Charter Communications by 3.3% during the 2nd quarter. Intrust Bank NA now owns 980 shares of the company’s stock worth $330,000 after purchasing an additional 31 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in Charter Communications by 0.5% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock worth $2,672,000 after purchasing an additional 36 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Charter Communications by 1.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,411 shares of the company’s stock worth $1,149,000 after purchasing an additional 38 shares in the last quarter. 74.76% of the stock is owned by institutional investors.

Charter Communications, Inc. (NASDAQ:CHTR) traded down $4.15 during midday trading on Thursday, hitting $334.27. The stock had a trading volume of 960,507 shares, compared to its average volume of 1,675,658. Charter Communications, Inc. has a 12 month low of $265.78 and a 12 month high of $408.83. The firm has a market cap of $84,130.00, a P/E ratio of 210.20, a PEG ratio of 5.26 and a beta of 1.10. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. During the same period in the prior year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts predict that Charter Communications, Inc. will post 2.77 EPS for the current fiscal year.

CHTR has been the subject of a number of research reports. Pivotal Research reissued a “buy” rating on shares of Charter Communications in a research note on Sunday, July 30th. Citigroup Inc. upped their price target on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. UBS Group AG reaffirmed a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Deutsche Bank AG reaffirmed a “buy” rating and set a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $420.00 price target on shares of Charter Communications in a research report on Monday, September 18th. Thirteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $378.12.

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In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the business’s stock in a transaction on Monday, October 30th. The stock was acquired at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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