Hyperion Capital Advisors LP Increases Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Hyperion Capital Advisors LP boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,133 shares of the company’s stock after purchasing an additional 120 shares during the period. Hyperion Capital Advisors LP’s holdings in Charter Communications were worth $367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC lifted its holdings in Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after purchasing an additional 247,789 shares in the last quarter. FMR LLC lifted its holdings in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Finally, Fernbridge Capital Management LP purchased a new position in Charter Communications in the 3rd quarter worth approximately $48,200,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CHTR shares. Benchmark lifted their price objective on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. 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. Pivotal Research boosted 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $378.00.

Charter Communications Price Performance

Shares of CHTR stock opened at $389.81 on Thursday. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The stock has a market capitalization of $55.43 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03. The stock has a fifty day simple moving average of $350.95 and a two-hundred day simple moving average of $327.93. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the prior year, the business earned $8.25 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current fiscal 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.