Aureus Asset Management LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,829 shares of the company’s stock after acquiring an additional 172 shares during the period. Charter Communications accounts for about 2.6% of Aureus Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Aureus Asset Management LLC’s holdings in Charter Communications were worth $16,292,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares in the last quarter. Huntington National Bank bought a new position in Charter Communications during the 3rd quarter valued at approximately $128,000. Barrett Asset Management LLC increased its position in Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares in the last quarter. Bessemer Group Inc. increased its position in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares in the last quarter. Finally, Rational Advisors LLC bought a new position in Charter Communications during the 2nd quarter valued at approximately $168,000. 72.22% of the stock is owned by hedge funds and other institutional investors.
Charter Communications, Inc. (NASDAQ CHTR) opened at $334.00 on Tuesday. The firm has a market capitalization of $83,600.09, a price-to-earnings ratio of 208.86, a P/E/G ratio of 6.26 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications, Inc. has a 52-week low of $267.01 and a 52-week high of $408.83.
A number of research analysts recently weighed in on the company. Barclays lowered Charter Communications from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $267.01 to $283.00 in a research report on Monday. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $340.00 to $450.00 in a report on Wednesday, August 9th. UBS reissued a “buy” rating and issued a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. SunTrust Banks reissued a “buy” rating and issued a $380.00 target price on shares of Charter Communications in a report on Friday, October 27th. Finally, Pivotal Research reissued a “buy” rating and issued a $420.00 target price (up previously from $405.00) on shares of Charter Communications in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $378.12.
In related news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.
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Charter Communications Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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