Aureus Asset Management LLC Buys 879 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Aureus Asset Management LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,883 shares of the company’s stock after purchasing an additional 879 shares during the quarter. Charter Communications accounts for 1.8% of Aureus Asset Management LLC’s holdings, making the stock its 24th largest position. Aureus Asset Management LLC’s holdings in Charter Communications were worth $28,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Charter Communications during the third quarter valued at approximately $2,097,000. Glazer Capital LLC bought a new stake in shares of Charter Communications during the third quarter valued at approximately $6,741,000. Point72 Europe London LLP grew its holdings in shares of Charter Communications by 260.4% in the third quarter. Point72 Europe London LLP now owns 37,800 shares of the company’s stock valued at $12,250,000 after purchasing an additional 27,313 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Charter Communications by 7.3% in the third quarter. Captrust Financial Advisors now owns 1,240 shares of the company’s stock valued at $402,000 after purchasing an additional 84 shares in the last quarter. Finally, Woodson Capital Management LP purchased a new position in shares of Charter Communications in the third quarter valued at $9,398,000. Institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Royal Bank of Canada raised their target price on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a report on Monday, September 30th. Wells Fargo & Company raised their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Stock Up 1.8 %

NASDAQ:CHTR opened at $396.97 on Monday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.03. The stock has a fifty day simple moving average of $353.45 and a 200-day simple moving average of $329.97. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

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

Charter Communications Company 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.