Quantitative Investment Management LLC Makes New Investment in Charter Communications, Inc. $CHTR

Quantitative Investment Management LLC bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,805 shares of the company’s stock, valued at approximately $825,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CHTR. Geneos Wealth Management Inc. increased its position in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Charter Communications during the 1st quarter worth $25,000. Quarry LP boosted its holdings in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Charter Communications in the 4th quarter worth about $25,000. Finally, DV Equities LLC bought a new position in Charter Communications during the fourth quarter valued at about $25,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CHTR shares. JPMorgan Chase & Co. decreased their price target on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. New Street Research dropped their price objective on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Wednesday, June 24th. Bank of America reissued a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. Finally, Wells Fargo & Company lowered their target price on Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $226.88.

Charter Communications Stock Down 4.1%

CHTR opened at $146.19 on Wednesday. Charter Communications, Inc. has a 12 month low of $111.55 and a 12 month high of $285.82. The company has a market cap of $17.44 billion, a PE ratio of 3.80, a price-to-earnings-growth ratio of 0.32 and a beta of 0.69. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The company has a 50 day moving average of $141.99 and a 200 day moving average of $173.08.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.18 EPS. On average, sell-side analysts expect that Charter Communications, Inc. will post 42.72 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.