BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 134,809 shares of the company’s stock after acquiring an additional 1,308 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of Charter Communications worth $48,992,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHTR. Janney Montgomery Scott LLC lifted its stake in shares of Charter Communications by 10.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,610 shares of the company’s stock worth $542,000 after purchasing an additional 150 shares during the period. CAPROCK Group Inc. bought a new position in shares of Charter Communications in the 2nd quarter worth approximately $200,000. Bessemer Group Inc. lifted its stake in shares of Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Charter Communications by 14.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 161,060 shares of the company’s stock worth $55,655,000 after purchasing an additional 20,168 shares during the period. Finally, Barrett Asset Management LLC lifted its stake in shares of Charter Communications by 118.7% in the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.
Shares of Charter Communications, Inc. (NASDAQ CHTR) opened at $330.95 on Wednesday. The stock has a market cap of $83,040.00, a P/E ratio of 208.86, a P/E/G ratio of 6.26 and a beta of 1.06. Charter Communications, Inc. has a fifty-two week low of $271.32 and a fifty-two week high of $408.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55.
In other news, CFO Christopher L. Winfrey bought 3,100 shares of Charter Communications stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.
Several brokerages have recently weighed in on CHTR. Citigroup increased their price objective on shares of Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. UBS reiterated a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Telsey Advisory Group cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $450.00 to $340.00 in a research note on Tuesday, September 5th. Evercore ISI increased their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $365.00 price objective on shares of Charter Communications in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Charter Communications has a consensus rating of “Buy” and an average price target of $378.12.
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Charter Communications Company 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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