High Pointe Capital Management LLC acquired a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 720 shares of the company’s stock, valued at approximately $235,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Veritas Asset Management LLP boosted its position in Charter Communications by 65.3% during the 2nd quarter. Veritas Asset Management LLP now owns 4,434,781 shares of the company’s stock valued at $1,300,322,000 after purchasing an additional 1,752,400 shares during the period. Putnam Investments LLC boosted its position in Charter Communications by 23.7% during the 2nd quarter. Putnam Investments LLC now owns 1,241,872 shares of the company’s stock valued at $364,129,000 after purchasing an additional 237,673 shares during the period. Morgan Stanley boosted its position in Charter Communications by 9.9% during the 2nd quarter. Morgan Stanley now owns 945,791 shares of the company’s stock valued at $277,315,000 after purchasing an additional 85,012 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Charter Communications by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 673,826 shares of the company’s stock valued at $197,573,000 after purchasing an additional 27,119 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in Charter Communications by 2.6% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 627,643 shares of the company’s stock valued at $184,031,000 after purchasing an additional 16,094 shares during the period. Institutional investors and hedge funds own 72.01% of the company’s stock.

Shares of Charter Communications stock opened at $319.00 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $74.02 billion, a price-to-earnings ratio of 120.38, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. Charter Communications Inc has a 1-year low of $250.10 and a 1-year high of $396.64.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.05 by $1.06. The firm had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. On average, research analysts forecast that Charter Communications Inc will post 5.17 EPS for the current fiscal year.

CHTR has been the subject of a number of analyst reports. ValuEngine upgraded Charter Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Pivotal Research boosted their price objective on Charter Communications from $375.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Macquarie restated a “buy” rating and set a $355.00 price objective on shares of Charter Communications in a research report on Wednesday, August 1st. Finally, Barclays set a $259.00 price objective on Charter Communications and gave the company a “sell” rating in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and an average price target of $360.13.

In other Charter Communications news, insider John Bickham sold 144,672 shares of Charter Communications stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

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About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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

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