Thompson Siegel & Walmsley LLC Buys Shares of 5,000 Charter Communications, Inc. (NASDAQ:CHTR)

Thompson Siegel & Walmsley LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $1,620,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CreativeOne Wealth LLC lifted its holdings in Charter Communications by 59.6% in the first quarter. CreativeOne Wealth LLC now owns 1,079 shares of the company’s stock valued at $314,000 after acquiring an additional 403 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of Charter Communications by 66.8% in the first quarter. Axxcess Wealth Management LLC now owns 1,101 shares of the company’s stock worth $320,000 after buying an additional 441 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Charter Communications in the first quarter worth approximately $59,000. BOKF NA grew its position in Charter Communications by 23.7% during the first quarter. BOKF NA now owns 29,869 shares of the company’s stock valued at $8,487,000 after buying an additional 5,719 shares during the period. Finally, Tidal Investments LLC increased its holdings in Charter Communications by 27.0% during the first quarter. Tidal Investments LLC now owns 12,279 shares of the company’s stock valued at $3,572,000 after buying an additional 2,613 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 1.2 %

Shares of Charter Communications stock opened at $388.27 on Friday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The business has a 50-day moving average price of $348.11 and a 200-day moving average price of $325.06. The firm has a market cap of $55.21 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.61 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the previous year, the company posted $8.25 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Pivotal Research lifted their target price on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Barclays lifted their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Finally, Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications 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.