Charter Communications, Inc. (NASDAQ:CHTR) Stock Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 17.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 589,081 shares of the company’s stock after selling 123,587 shares during the quarter. The Manufacturers Life Insurance Company owned 0.41% of Charter Communications worth $190,909,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC increased its stake in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after buying an additional 175,130 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares during the period. First Pacific Advisors LP raised its holdings in Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after purchasing an additional 12,218 shares in the last quarter. Finally, Cryder Capital Partners LLP lifted its position in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after purchasing an additional 39,334 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $390.29 on Wednesday. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The business’s 50-day moving average price is $349.95 and its two-hundred day moving average price is $327.49. 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 company has a market capitalization of $55.50 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHTR shares. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Pivotal Research boosted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada raised their target price on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $378.00.

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.