Y Intercept Hong Kong Ltd Grows Position in Charter Communications, Inc. $CHTR

Y Intercept Hong Kong Ltd raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 113.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,031 shares of the company’s stock after acquiring an additional 4,273 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Charter Communications were worth $3,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CHTR. JPMorgan Chase & Co. raised its holdings in shares of Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after acquiring an additional 806,145 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Charter Communications by 48.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock valued at $304,674,000 after acquiring an additional 244,324 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after buying an additional 198,444 shares in the last quarter. Nuveen LLC purchased a new position in shares of Charter Communications during the 1st quarter valued at about $71,956,000. Finally, Invesco Ltd. raised its holdings in shares of Charter Communications by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after buying an additional 120,624 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $241.56 on Thursday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50 day simple moving average is $263.48 and its two-hundred day simple moving average is $330.06. The stock has a market capitalization of $32.99 billion, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. Charter Communications, Inc. has a one year low of $238.62 and a one year high of $437.06.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHTR. Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a report on Monday, October 6th. Bank of America decreased their price objective on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Arete Research raised Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. UBS Group decreased their price objective on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Finally, Wells Fargo & Company began coverage on Charter Communications in a report on Thursday, August 21st. They set an “equal weight” rating and a $300.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $373.71.

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.