Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Banyan Capital Management Inc.

Banyan Capital Management Inc. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,242 shares of the company’s stock after acquiring an additional 299 shares during the period. Charter Communications comprises 6.1% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Banyan Capital Management Inc.’s holdings in Charter Communications were worth $10,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors lifted its position in shares of Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after buying an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after buying an additional 69,959 shares during the last quarter. First Pacific Advisors LP lifted its position in shares of Charter Communications by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after buying an additional 12,218 shares during the last quarter. Finally, Cryder Capital Partners LLP lifted its position in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after buying an additional 39,334 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Benchmark upped their price target on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $389.57 on Monday. 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, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $421.16. The stock has a market cap of $55.40 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. The firm’s fifty day simple moving average is $342.59 and its 200-day simple moving average is $321.67.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the prior year, the company posted $8.25 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

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.