Charter Communications, Inc. $CHTR Shares Acquired by Ossiam

Key Points

• Ossiam increased its stake in Charter by 78.8% in Q3, owning 57,281 shares after buying 25,237 more, valued at about $15.76 million at quarter-end.
• Charter missed quarterly expectations with EPS of $10.34 versus $10.40 expected and reported revenue of $13.60 billion (down 2.3% year-over-year, below the $13.73 billion estimate).
• Analysts' consensus is a Hold with an average target price of $335.11 (6 Buy / 10 Hold / 6 Sell); the stock trades near $218 with a PE of 6.01 and a market cap of roughly $27.6 billion.

Ossiam boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 78.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,281 shares of the company's stock after purchasing an additional 25,237 shares during the quarter. Ossiam's holdings in Charter Communications were worth $15,758,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. WBI Investments LLC raised its stake 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 acquiring an additional 1,489 shares during the last quarter. Optimize Financial Inc purchased a new position in shares of Charter Communications in the 3rd quarter valued at approximately $1,557,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Charter Communications by 245.3% in the third 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 period. State Street Corp raised its stake 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 purchasing an additional 198,979 shares during the last quarter. Finally, Korea Investment CORP raised its stake in shares of 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 purchasing an additional 7,972 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CHTR shares. UBS Group set a $425.00 price target on Charter Communications in a research note on Thursday, January 29th. Williams Trading set a $437.00 price objective on Charter Communications in a report on Monday, February 2nd. Zacks Research raised Charter Communications from a "strong sell" rating to a "hold" rating in a report on Monday, February 16th. Royal Bank Of Canada dropped their price target on Charter Communications from $265.00 to $240.00 and set a "sector perform" rating for the company in a research report on Friday, January 16th. Finally, Sanford C. Bernstein set a $220.00 price target on Charter Communications in a research note on Wednesday, January 28th. Six investment 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $335.11.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $218.19 on Friday. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $27.63 billion, a PE ratio of 6.01, a P/E/G ratio of 0.34 and a beta of 1.02. The firm has a 50 day simple moving average of $216.65 and a 200-day simple moving average of $228.85. Charter Communications, Inc. has a 1-year low of $180.38 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.40 by ($0.06). The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $10.10 EPS. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.

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