Charter Communications, Inc. $CHTR Stake Increased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Charter Communications stake by 31% in the third quarter, adding 11,264 shares to hold 47,599 shares worth approximately $5.28 million.
• Several other institutional investors also expanded their positions, and hedge funds and institutional investors collectively own 81.76% of Charter’s stock.
• Charter shares opened at $111.49, near the lower end of their 52-week range. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $202.53.

Asset Management One Co. Ltd. increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 31.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,599 shares of the company's stock after acquiring an additional 11,264 shares during the period. Asset Management One Co. Ltd.'s holdings in Charter Communications were worth $5,279,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CHTR. Apollon Wealth Management LLC raised its holdings in Charter Communications by 336.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 21,096 shares of the company's stock valued at $2,340,000 after acquiring an additional 16,262 shares during the last quarter. Hilton Head Capital Partners LLC boosted its stake in Charter Communications by 8,763.3% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 2,659 shares of the company's stock valued at $295,000 after buying an additional 2,629 shares in the last quarter. Signaturefd LLC grew its stake in Charter Communications by 1,107.8% in the third quarter. Signaturefd LLC now owns 11,607 shares of the company's stock valued at $1,287,000 after acquiring an additional 10,646 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of Charter Communications by 550.1% in the third quarter. Citizens Financial Group Inc. RI now owns 23,929 shares of the company's stock valued at $2,654,000 after buying an additional 20,248 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in Charter Communications in the third quarter valued at about $1,492,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

CHTR opened at $111.49 on Monday. Charter Communications, Inc. has a one year low of $101.11 and a one year high of $254.11. The stock's fifty day moving average is $124.22 and its 200-day moving average is $165.21. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $13.30 billion, a PE ratio of 2.90, a P/E/G ratio of 0.23 and a beta of 0.73.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research analyst reports. Royal Bank Of Canada reduced their target price on Charter Communications from $160.00 to $150.00 and set a "sector perform" rating on the stock in a research note on Monday, July 27th. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research report on Thursday, October 1st. Wells Fargo & Company decreased their target price on Charter Communications from $160.00 to $101.00 and set an "underweight" rating for the company in a research note on Monday, July 27th. Bank of America reiterated a "buy" rating on shares of Charter Communications in a report on Monday, July 27th. Finally, BNP Paribas Exane decreased their price target on shares of Charter Communications from $150.00 to $120.00 and set an "underperform" rating for the company in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $202.53.

Charter Communications Company 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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