Charter Communications, Inc. $CHTR Stock Purchased by Mather Group LLC.

Mather Group LLC. raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 307.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,820 shares of the company’s stock after acquiring an additional 8,167 shares during the quarter. Mather Group LLC.’s holdings in Charter Communications were worth $1,200,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Krilogy Financial LLC raised its stake in shares of Charter Communications by 278.6% in the 3rd quarter. Krilogy Financial LLC now owns 21,293 shares of the company’s stock valued at $2,361,000 after purchasing an additional 15,669 shares in the last quarter. Polianta Ltd bought a new position in shares of Charter Communications during the second quarter worth about $1,777,000. California First Leasing Corp grew its stake in Charter Communications by 100.1% in the first quarter. California First Leasing Corp now owns 24,772 shares of the company’s stock worth $5,348,000 after purchasing an additional 12,390 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Charter Communications by 30.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 52,497 shares of the company’s stock worth $11,333,000 after purchasing an additional 12,249 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Charter Communications by 54.3% in the first quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock worth $9,893,000 after purchasing an additional 16,118 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR traded up $0.12 on Friday, hitting $110.11. 3,162,791 shares of the company’s stock were exchanged, compared to its average volume of 3,328,023. The firm has a market cap of $13.13 billion, a PE ratio of 2.86, a P/E/G ratio of 0.23 and a beta of 0.70. Charter Communications, Inc. has a twelve month low of $101.63 and a twelve month high of $256.60. The stock has a fifty day moving average of $132.97 and a two-hundred day moving average of $149.85. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

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, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. During the same quarter last year, the company posted $9.18 earnings per share. Charter Communications’s revenue was down 1.7% on a year-over-year basis. On average, research analysts anticipate that Charter Communications, Inc. will post 42.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CHTR shares. Bank of America reissued a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Benchmark reaffirmed a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. UBS Group decreased their target price on Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. JPMorgan Chase & Co. decreased their target price on Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $202.53.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.