Twin Capital Management Inc. acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,518 shares of the company’s stock, valued at approximately $915,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Charter Communications by 2.4% during the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after purchasing an additional 321,938 shares in the last quarter. BlackRock Inc. boosted its position in Charter Communications by 4.1% during the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after purchasing an additional 496,574 shares in the last quarter. Capital World Investors boosted its position in Charter Communications by 4.1% during the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after purchasing an additional 402,167 shares in the last quarter. Veritas Asset Management LLP boosted its position in Charter Communications by 7.4% during the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after purchasing an additional 263,674 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Charter Communications by 10.1% during the second quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after purchasing an additional 331,597 shares in the last quarter. 72.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $336.27 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a 12-month low of $265.78 and a 12-month high of $408.83. The stock has a market capitalization of $81,099.06, a price-to-earnings ratio of 202.62, a PEG ratio of 6.07 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.

In related news, CFO Christopher L. Winfrey acquired 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

CHTR has been the topic of a number of research analyst reports. Barclays decreased their target price on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Telsey Advisory Group downgraded Charter Communications from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Macquarie reiterated a “buy” rating on shares of Charter Communications in a research report on Sunday, October 29th. Evercore ISI boosted their target price on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Finally, Pivotal Research reiterated a “buy” rating and set a $420.00 target price (up from $405.00) on shares of Charter Communications in a research report on Friday, October 27th. Thirteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $378.12.

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Charter Communications Company Profile

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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