35,131 Shares in Charter Communications, Inc. $CHTR Acquired by Farmers & Merchants Investments Inc.

Key Points

• Farmers & Merchants Investments acquired 35,131 Charter Communications shares worth approximately $3.9 million in the third quarter. Several other institutions also increased or initiated positions, with institutional investors collectively owning 81.76% of the company.
• Analyst sentiment is mixed but leans negative: five analysts rate Charter a Buy, ten Hold, and seven Sell, resulting in a consensus “Reduce” rating. Several firms recently cut their price targets, while the consensus target stands at $202.53.
• Charter stock opened at $108.61, near its one-year low of $101.63 and well below its one-year high of $254.11. In its latest quarter, the company beat earnings estimates with $10.66 EPS and reported $13.53 billion in revenue, though revenue declined 1.7% year over year.

Farmers & Merchants Investments Inc. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,131 shares of the company's stock, valued at approximately $3,896,000.

Several other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in shares of Charter Communications by 3,053.3% during the third quarter. Sterling Capital Management LLC now owns 75,144 shares of the company's stock worth $8,333,000 after purchasing an additional 72,761 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Charter Communications by 371.8% during the 3rd quarter. Yousif Capital Management LLC now owns 65,131 shares of the company's stock valued at $7,223,000 after acquiring an additional 51,325 shares during the last quarter. Compass Wealth Management LLC acquired a new position in Charter Communications in the third quarter valued at about $2,648,000. SBI Securities Co. Ltd. boosted its holdings in Charter Communications by 5,004.1% during the third quarter. SBI Securities Co. Ltd. now owns 3,726 shares of the company's stock worth $413,000 after buying an additional 3,653 shares during the last quarter. Finally, Aire Advisors LLC bought a new position in Charter Communications during the third quarter worth about $875,000. Institutional investors own 81.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CHTR shares. Benchmark restated a "buy" rating on shares of Charter Communications in a research report on Wednesday, July 22nd. The Goldman Sachs Group cut their price target on shares of Charter Communications from $120.00 to $110.00 and set a "sell" rating on the stock in a research report on Friday, September 25th. Barclays reduced their price objective on shares of Charter Communications from $130.00 to $115.00 and set an "underweight" rating on the stock in a research note on Monday, July 27th. BNP Paribas Exane decreased their price objective on shares of Charter Communications from $150.00 to $120.00 and set an "underperform" rating for the company in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Charter Communications from $200.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $202.53.

Charter Communications Price Performance

CHTR stock opened at $108.61 on Friday. The stock has a 50-day moving average price of $128.45 and a two-hundred day moving average price of $146.03. The stock has a market cap of $12.96 billion, a PE ratio of 2.82, a price-to-earnings-growth ratio of 0.23 and a beta of 0.70. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. Charter Communications, Inc. has a 1 year low of $101.63 and a 1 year high of $254.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The company had revenue of $13.53 billion during the quarter, compared to analysts' expectations of $13.51 billion. During the same period in the prior year, the firm earned $9.18 earnings per share. Charter Communications's revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 42.92 EPS for the current fiscal year.

About Charter Communications

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.

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.