Charter Communications, Inc. $CHTR Shares Bought by Westpac Banking Corp

Westpac Banking Corp lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3,063.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,650 shares of the company’s stock after buying an additional 4,503 shares during the quarter. Westpac Banking Corp’s holdings in Charter Communications were worth $1,279,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC increased its holdings in shares of Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Charter Communications by 20.7% in the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock valued at $93,000 after buying an additional 39 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the period. Occudo Quantitative Strategies LP boosted its stake in shares of Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after acquiring an additional 41 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Charter Communications by 41.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 146 shares of the company’s stock valued at $60,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHTR. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Williams Trading set a $437.00 target price on Charter Communications in a research note on Monday, February 2nd. Finally, TD Cowen raised their price target on Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $335.11.

Charter Communications Stock Up 1.2%

CHTR stock opened at $228.38 on Friday. The company has a 50 day moving average price of $212.53 and a two-hundred day moving average price of $231.98. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $28.92 billion, a P/E ratio of 6.29, a PEG ratio of 0.36 and a beta of 1.05. Charter Communications, Inc. has a one year low of $180.38 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $10.10 EPS. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.