Nisa Investment Advisors LLC Acquires 179,007 Shares of Charter Communications, Inc. $CHTR

Nisa Investment Advisors LLC boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 798.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,424 shares of the company’s stock after acquiring an additional 179,007 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $22,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Charter Communications by 562.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company’s stock valued at $36,426,000 after purchasing an additional 278,898 shares in the last quarter. Peoples Financial Services CORP. boosted its position in shares of Charter Communications by 25,468.8% during the third quarter. Peoples Financial Services CORP. now owns 4,091 shares of the company’s stock valued at $454,000 after buying an additional 4,075 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Charter Communications by 524.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 71,549 shares of the company’s stock valued at $7,935,000 after buying an additional 60,085 shares during the last quarter. Clark Wealth Partners grew its holdings in Charter Communications by 12,775.0% during the third quarter. Clark Wealth Partners now owns 515 shares of the company’s stock worth $57,000 after buying an additional 511 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Charter Communications by 558.2% during the third quarter. IFP Advisors Inc now owns 18,029 shares of the company’s stock worth $1,999,000 after buying an additional 15,290 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CHTR. The Goldman Sachs Group lowered their price target on Charter Communications from $120.00 to $110.00 and set a “sell” rating for the company in a research report on Friday, September 25th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley reduced their target price on shares of Charter Communications from $150.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, September 25th. Benchmark reiterated a “buy” rating on shares of Charter Communications in a report on Wednesday, July 22nd. Finally, Citigroup dropped their price target on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Reduce” and a consensus price target of $202.53.

Charter Communications Stock Performance

CHTR stock opened at $107.26 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. The firm has a market cap of $12.79 billion, a PE ratio of 2.79, a P/E/G ratio of 0.23 and a beta of 0.70. The business has a 50 day moving average of $130.26 and a 200-day moving average of $147.05. Charter Communications, Inc. has a 12-month low of $101.63 and a 12-month high of $254.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The business had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same period last year, the company posted $9.18 earnings per share. Charter Communications’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications, Inc. will post 42.92 earnings per share for the current year.

Charter Communications Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.