Charter Communications, Inc. $CHTR Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments increased its Charter Communications stake by 507.4% in the third quarter, adding 641,422 shares to hold 767,841 shares valued at about $85.2 million. Institutional investors collectively own 81.76% of the company.
• Charter reported quarterly revenue of $14.92 billion, up 9.1% year over year and above analyst expectations, but earnings per share of negative $20.50 fell well short of the $8.94 consensus estimate.
• Analyst sentiment is cautious: the stock has an average “Reduce” rating and a consensus price target of $193.41, with eight Hold and eight Sell ratings among the analysts surveyed.

Russell Investments Group Ltd. grew its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 507.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 767,841 shares of the company's stock after buying an additional 641,422 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.64% of Charter Communications worth $85,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Charter Communications by 28.4% during the 1st quarter. Bank of America Corp DE now owns 731,708 shares of the company's stock valued at $157,961,000 after buying an additional 161,888 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Charter Communications by 443.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company's stock worth $46,565,000 after acquiring an additional 342,668 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Charter Communications by 562.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company's stock worth $36,426,000 after acquiring an additional 278,898 shares in the last quarter. Sei Investments Co. raised its stake in Charter Communications by 79.2% during the 1st quarter. Sei Investments Co. now owns 250,497 shares of the company's stock worth $54,078,000 after acquiring an additional 110,684 shares during the period. Finally, Swiss National Bank raised its stake in Charter Communications by 1.5% during the 1st quarter. Swiss National Bank now owns 246,896 shares of the company's stock worth $53,300,000 after acquiring an additional 3,560 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

NASDAQ CHTR traded up $5.73 during trading hours on Friday, reaching $138.39. The company's stock had a trading volume of 2,969,752 shares, compared to its average volume of 2,980,229. The firm's 50-day moving average price is $118.93 and its 200-day moving average price is $161.90. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 3.58. Charter Communications, Inc. has a 1 year low of $101.11 and a 1 year high of $254.11. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.70 and a beta of 0.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported ($20.50) earnings per share for the quarter, missing the consensus estimate of $8.94 by ($29.44). Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. The business had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the previous year, the company earned $8.34 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Charter Communications, Inc. will post 35.30 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CHTR shares. Royal Bank Of Canada dropped their price target on shares of Charter Communications from $160.00 to $150.00 and set a "sector perform" rating for the company in a research report on Monday, July 27th. Wells Fargo & Company raised their price objective on shares of Charter Communications from $101.00 to $103.00 and gave the company an "underweight" rating in a research report on Monday, November 9th. Williams Trading set a $345.00 price objective on shares of Charter Communications in a research report on Monday, November 9th. Zacks Research cut shares of Charter Communications from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 10th. Finally, Weiss Ratings downgraded shares of Charter Communications from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and eight have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $193.41.

Charter Communications Company Profile

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.

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