Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,478 shares of the company’s stock after acquiring an additional 4,813 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $11,132,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the 3rd quarter worth about $28,000. Grove Bank & Trust increased its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CHTR shares. Royal Bank of Canada reduced their price objective on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. Pivotal Research boosted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Benchmark increased their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley boosted their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $383.89.

Charter Communications Stock Up 2.0 %

NASDAQ:CHTR opened at $359.96 on Friday. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The stock’s fifty day moving average is $367.54 and its two-hundred day moving average is $350.47. The stock has a market capitalization of $51.19 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $8.25 EPS. Research analysts anticipate that Charter Communications, Inc. will post 34.62 EPS for the current year.

Charter Communications Company 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.