Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1,554.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,376 shares of the company’s stock after buying an additional 13,507 shares during the quarter. Charter Communications makes up about 0.5% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 18th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Charter Communications were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Trail Advisors LLC increased its holdings in Charter Communications by 7.1% in the third quarter. Summit Trail Advisors LLC now owns 1,826 shares of the company’s stock valued at $592,000 after buying an additional 121 shares during the last quarter. Swedbank AB grew its position in shares of Charter Communications by 8.7% in the 3rd quarter. Swedbank AB now owns 41,367 shares of the company’s stock worth $13,406,000 after acquiring an additional 3,298 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Charter Communications by 62.8% in the 3rd quarter. Cerity Partners LLC now owns 16,687 shares of the company’s stock valued at $5,408,000 after acquiring an additional 6,435 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after purchasing an additional 7,008 shares during the last quarter. Finally, Banco Santander S.A. boosted its holdings in Charter Communications by 38.0% in the third quarter. Banco Santander S.A. now owns 1,550 shares of the company’s stock worth $502,000 after purchasing an additional 427 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.2 %

CHTR opened at $388.27 on Monday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock’s fifty day moving average is $348.11 and its 200-day moving average is $325.83. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $415.27. The company has a market capitalization of $55.21 billion, a PE ratio of 12.16, a P/E/G ratio of 0.62 and a beta of 1.03.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Benchmark lifted their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a report on Monday, September 30th. Pivotal Research boosted their price objective 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 increased their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $379.06.

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.