Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 33.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,895 shares of the company’s stock after buying an additional 1,225 shares during the quarter. Ieq Capital LLC’s holdings in Charter Communications were worth $1,485,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hexagon Capital Partners LLC lifted its holdings in Charter Communications by 72.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 83 shares of the company’s stock worth $25,000 after buying an additional 35 shares during the last quarter. Prentice Wealth Management LLC acquired a new position in shares of Charter Communications in the 2nd quarter worth $33,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Charter Communications by 137.8% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 88 shares of the company’s stock worth $41,000 after buying an additional 51 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Charter Communications in the second quarter worth $47,000. Finally, CI Investments Inc. boosted its position in shares of Charter Communications by 714.3% in the second quarter. CI Investments Inc. now owns 114 shares of the company’s stock worth $53,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CHTR. Evercore ISI cut their target price on Charter Communications to $500.00 in a report on Wednesday, December 14th. The Goldman Sachs Group lowered their price target on Charter Communications from $488.00 to $429.00 and set a “buy” rating on the stock in a research note on Tuesday, November 1st. Wells Fargo & Company upgraded Charter Communications from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $370.00 to $340.00 in a research note on Thursday, December 22nd. KeyCorp decreased their price objective on Charter Communications from $592.00 to $580.00 and set an “overweight” rating on the stock in a report on Monday, October 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $550.00 to $475.00 and set a “hold” rating on the stock in a report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $499.10.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $392.03 on Wednesday. Charter Communications, Inc. has a 1 year low of $297.66 and a 1 year high of $621.00. The company has a debt-to-equity ratio of 7.73, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market capitalization of $61.03 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.13. The company’s 50 day simple moving average is $365.70 and its 200 day simple moving average is $385.55.

Charter Communications (NASDAQ:CHTRGet Rating) last issued its quarterly earnings results on Friday, October 28th. The company reported $7.38 EPS for the quarter, missing analysts’ consensus estimates of $7.94 by ($0.56). Charter Communications had a return on equity of 36.48% and a net margin of 10.21%. The business had revenue of $13.55 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the firm posted $6.50 EPS. Charter Communications’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts predict that Charter Communications, Inc. will post 31.02 EPS for the current fiscal year.

Charter Communications Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

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

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