Connor Clark & Lunn Investment Management Ltd. Has $27.32 Million Position in Charter Communications, Inc. $CHTR

Connor Clark & Lunn Investment Management Ltd. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 571.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 99,309 shares of the company’s stock after acquiring an additional 84,528 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Charter Communications were worth $27,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. WBI Investments LLC increased its position in Charter Communications by 74.9% during the 2nd quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock valued at $1,422,000 after purchasing an additional 1,489 shares during the period. Optimize Financial Inc bought a new stake in shares of Charter Communications in the 3rd quarter valued at $1,557,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Charter Communications by 245.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after purchasing an additional 10,455 shares during the last quarter. State Street Corp increased its position in shares of Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after buying an additional 198,979 shares during the period. Finally, Korea Investment CORP raised its stake in Charter Communications by 12.0% during the second quarter. Korea Investment CORP now owns 74,512 shares of the company’s stock worth $30,461,000 after buying an additional 7,972 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $215.08 on Friday. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06. The stock’s 50 day moving average is $216.47 and its 200-day moving average is $229.24. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.35 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results 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). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same period in the previous year, the business posted $10.10 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research note on Tuesday, February 3rd. Royal Bank Of Canada cut their target price on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Finally, New Street Research lowered their target price on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $335.11.

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.