Ruane Cunniff & Goldfarb L.P. Purchases 797 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Ruane Cunniff & Goldfarb L.P. raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 455,023 shares of the company’s stock after acquiring an additional 797 shares during the period. Charter Communications makes up about 2.3% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 15th largest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Charter Communications were worth $147,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the third quarter worth about $28,000. CVA Family Office LLC grew its position in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Charter Communications during the first quarter worth about $34,000. Finally, Grove Bank & Trust grew its position in Charter Communications by 39.1% during the third 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. 81.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHTR has been the subject of several recent analyst reports. Pivotal Research boosted their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $378.00.

Charter Communications Trading Down 0.1 %

Shares of CHTR stock opened at $389.81 on Thursday. The stock has a market capitalization of $55.43 billion, a PE ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The business has a 50-day moving average of $350.95 and a 200 day moving average of $327.93. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $8.25 EPS. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

About Charter Communications

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.