Blueshift Asset Management LLC Buys 11,250 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Blueshift Asset Management LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 908.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,489 shares of the company’s stock after purchasing an additional 11,250 shares during the quarter. Charter Communications accounts for approximately 1.0% of Blueshift Asset Management LLC’s holdings, making the stock its 10th biggest position. Blueshift Asset Management LLC’s holdings in Charter Communications were worth $4,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC raised its stake in shares of Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE raised its stake in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after acquiring an additional 32 shares during the period. Grove Bank & Trust boosted its position in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC increased its stake in Charter Communications by 31.3% in 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 period. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $390.29 on Wednesday. The firm’s 50 day simple moving average is $349.95 and its 200 day simple moving average is $327.49. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market capitalization of $55.50 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.61 and a beta of 1.03. 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 announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) 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 analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.25 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Barclays boosted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $378.00.

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.