179,007 Charter Communications, Inc. $CHTR Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Charter Communications stake by 798.5%, purchasing 179,007 additional shares to hold 201,424 shares valued at approximately $22.3 million.
• Other institutions also expanded their positions, and institutional investors collectively own 81.76% of Charter’s outstanding shares.
• Charter shares opened at $107.26, near their one-year low of $101.63 and well below the $254.11 high. Analysts’ consensus rating is “Reduce,” with a consensus price target of $202.53.

Nisa Investment Advisors LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 798.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,424 shares of the company's stock after buying an additional 179,007 shares during the period. Nisa Investment Advisors LLC owned approximately 0.17% of Charter Communications worth $22,338,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CHTR. TD Waterhouse Canada Inc. lifted its stake in shares of Charter Communications by 3,624.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 60,224 shares of the company's stock valued at $6,679,000 after purchasing an additional 58,607 shares during the period. Krilogy Financial LLC grew its stake in Charter Communications by 278.6% during the third quarter. Krilogy Financial LLC now owns 21,293 shares of the company's stock worth $2,361,000 after purchasing an additional 15,669 shares during the period. Polianta Ltd acquired a new stake in Charter Communications during the second quarter worth approximately $1,777,000. California First Leasing Corp increased its holdings in Charter Communications by 100.1% in the first quarter. California First Leasing Corp now owns 24,772 shares of the company's stock worth $5,348,000 after purchasing an additional 12,390 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Charter Communications by 54.3% in the first quarter. Quantinno Capital Management LP now owns 45,828 shares of the company's stock worth $9,893,000 after purchasing an additional 16,118 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of CHTR opened at $107.26 on Thursday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a 50-day moving average of $130.26 and a 200-day moving average of $147.05. The company has a market cap of $12.79 billion, a PE ratio of 2.79, a P/E/G ratio of 0.23 and a beta of 0.70. Charter Communications, Inc. has a one year low of $101.63 and a one year high of $254.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating analysts' consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm's revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $9.18 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 42.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CHTR shares. BNP Paribas Exane dropped their price target on Charter Communications from $150.00 to $120.00 and set an "underperform" rating on the stock in a research note on Tuesday, July 14th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Morgan Stanley lowered their price objective on shares of Charter Communications from $150.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, September 25th. Wolfe Research reiterated an "underperform" rating and issued a $118.00 price objective on shares of Charter Communications in a research note on Monday, September 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $200.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $202.53.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.

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