58,607 Charter Communications, Inc. $CHTR Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada significantly increased its Charter Communications position by purchasing 58,607 shares in the third quarter, bringing its total holdings to 60,224 shares valued at approximately $6.68 million.
• Institutional investors own 81.76% of Charter Communications, while several other funds also modestly increased their stakes.
• Analyst sentiment is cautious: Charter has a consensus “Reduce” rating from MarketBeat, with 5 Buy, 10 Hold and 7 Sell ratings and an average price target of $202.53. The stock recently traded at $108.51, near its 12-month low of $101.63.

TD Waterhouse Canada Inc. grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3,624.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,224 shares of the company's stock after purchasing an additional 58,607 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.05% of Charter Communications worth $6,679,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CHTR. Pure Financial Advisors LLC boosted its stake in shares of Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company's stock valued at $233,000 after purchasing an additional 44 shares during the last quarter. Gabelli Funds LLC raised its stake in Charter Communications by 0.3% during the first quarter. Gabelli Funds LLC now owns 30,000 shares of the company's stock worth $6,476,000 after buying an additional 100 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Charter Communications by 3.9% during the first quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company's stock worth $598,000 after buying an additional 104 shares during the last quarter. NewEdge Advisors LLC raised its stake in Charter Communications by 6.3% during the first quarter. NewEdge Advisors LLC now owns 1,762 shares of the company's stock worth $380,000 after buying an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Charter Communications by 11.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company's stock valued at $229,000 after buying an additional 112 shares during the period. Institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on CHTR. Wolfe Research reaffirmed an "underperform" rating and set a $118.00 price target on shares of Charter Communications in a research report on Monday, September 14th. Sanford C. Bernstein reiterated a "market perform" rating and set a $150.00 price target on shares of Charter Communications in a report on Monday, July 27th. Arete Research raised Charter Communications to a "strong sell" rating in a research report on Thursday, October 1st. The Goldman Sachs Group lowered their price objective on Charter Communications from $120.00 to $110.00 and set a "sell" rating for the company in a research report on Friday, September 25th. Finally, Bank of America reissued a "buy" rating on shares of Charter Communications in a research note on Monday, July 27th. Five investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $202.53.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $108.51 on Tuesday. The company has a fifty day moving average of $132.08 and a 200-day moving average of $148.59. The firm has a market capitalization of $12.94 billion, a P/E ratio of 2.86, a P/E/G ratio of 0.23 and a beta of 0.70. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. Charter Communications, Inc. has a twelve month low of $101.63 and a twelve month high of $255.00.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.18 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 42.92 EPS for the current year.

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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