Bank of Montreal Can Purchases 32,855 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Bank of Montreal Can increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 23.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 171,196 shares of the company’s stock after purchasing an additional 32,855 shares during the period. Bank of Montreal Can owned 0.12% of Charter Communications worth $55,848,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CHTR. First Eagle Investment Management LLC lifted its holdings in Charter Communications by 172,425.2% during 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% during 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. Pzena Investment Management LLC lifted its holdings in Charter Communications by 6.1% during 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. International Assets Investment Management LLC purchased a new stake in Charter Communications during the 3rd quarter worth about $244,720,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after purchasing an additional 69,959 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays increased their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Benchmark raised their price target on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Price Performance

CHTR opened at $389.81 on Thursday. The stock’s 50 day simple moving average is $350.95 and its 200 day simple moving average is $327.93. 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, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a market cap of $55.43 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.61 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the company earned $8.25 EPS. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

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.