Brooklyn Investment Group Purchases New Position in Charter Communications, Inc. (NASDAQ:CHTR)

Brooklyn Investment Group acquired a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent filing with the SEC. The fund acquired 634 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP raised its stake in shares of Charter Communications by 144.2% during the 3rd quarter. Quantbot Technologies LP now owns 15,763 shares of the company’s stock valued at $5,108,000 after purchasing an additional 9,307 shares during the period. FMR LLC increased its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Charter Communications by 271.0% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 2,738 shares of the company’s stock worth $887,000 after buying an additional 2,000 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Charter Communications in the third quarter worth about $2,039,000. Finally, Bank of Montreal Can grew its stake in Charter Communications by 23.7% during the third quarter. Bank of Montreal Can now owns 171,196 shares of the company’s stock valued at $55,848,000 after acquiring an additional 32,855 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR opened at $390.29 on Wednesday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $349.95 and its 200 day simple moving average is $327.49. The firm has a market cap of $55.50 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $8.25 earnings per share. As a group, analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Wells Fargo & Company raised their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday. Finally, Pivotal Research raised their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $378.00.

About Charter Communications

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.