Ameriprise Financial Inc. grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 315.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,384,725 shares of the company’s stock after buying an additional 1,051,151 shares during the period. Ameriprise Financial Inc. owned 0.56% of Charter Communications worth $503,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Vanguard Group Inc. lifted its holdings in shares of Charter Communications by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock valued at $4,653,428,000 after acquiring an additional 321,938 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Charter Communications by 4.1% during the 2nd quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock valued at $4,281,266,000 after acquiring an additional 496,574 shares in the last quarter. Capital World Investors lifted its holdings in shares of Charter Communications by 4.1% during the 2nd quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after acquiring an additional 402,167 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in shares of Charter Communications by 7.4% during the 2nd quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock valued at $1,295,225,000 after acquiring an additional 263,674 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Charter Communications by 10.1% during the 2nd quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock valued at $1,222,283,000 after acquiring an additional 331,597 shares in the last quarter. 74.76% of the stock is owned by institutional investors.

Shares of Charter Communications, Inc. (CHTR) opened at $337.84 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 1 year low of $264.26 and a 1 year high of $408.83. The firm has a market cap of $84,122.16, a PE ratio of 210.17, a P/E/G ratio of 5.26 and a beta of 1.09.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same period in the prior year, the company earned $0.69 EPS. Charter Communications’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts expect that Charter Communications, Inc. will post 2.77 earnings per share for the current year.

In other news, CFO Christopher L. Winfrey bought 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by corporate insiders.

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CHTR has been the topic of several recent research reports. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $450.00 to $340.00 in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Barclays PLC reduced their target price on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Evercore ISI lifted their target price on shares of Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Finally, Royal Bank Of Canada lifted their target price on shares of Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Thirteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and an average target price of $378.12.

Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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