TD Asset Management Inc Increases Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• TD Asset Management Inc significantly increased its stake in Charter Communications by 99.4% during the first quarter, owning 157,661 shares valued at approximately $58.1 million.
• Charter Communications reported earnings per share of $9.18 for the latest quarter, which was below analysts' expectations of $10.06, despite revenues slightly surpassing forecasts.
• Analyst ratings for Charter Communications show a mix of sentiments, with three analysts suggesting a sell, ten a hold, and nine a buy, resulting in a consensus target price of $422.37.

TD Asset Management Inc raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 99.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 157,661 shares of the company's stock after purchasing an additional 78,591 shares during the period. TD Asset Management Inc owned 0.11% of Charter Communications worth $58,103,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Makaira Partners LLC boosted its stake in Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after buying an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Charter Communications by 213.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after buying an additional 17,952 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after buying an additional 66 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Charter Communications by 21.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after buying an additional 676 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Charter Communications by 25.2% in the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock worth $608,000 after purchasing an additional 332 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CHTR shares. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. UBS Group reduced their target price on Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a research note on Monday. Wells Fargo & Company lifted their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Finally, Morgan Stanley lifted their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $410.59.

Charter Communications Price Performance

Shares of Charter Communications stock traded down $8.34 on Thursday, hitting $271.55. 1,830,313 shares of the company were exchanged, compared to its average volume of 1,421,391. The stock has a market capitalization of $38.12 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08. The company has a 50-day moving average price of $388.14 and a 200 day moving average price of $372.03. Charter Communications, Inc. has a 1-year low of $271.00 and a 1-year high of $437.06. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The firm had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.49 EPS. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.