Tidal Investments LLC Acquires 229 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Tidal Investments LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,261 shares of the company’s stock after purchasing an additional 229 shares during the quarter. Tidal Investments LLC’s holdings in Charter Communications were worth $5,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new stake in Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at $28,000. Grove Bank & Trust grew its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. CVA Family Office LLC increased its position in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $379.78 on Friday. The firm’s 50 day simple moving average is $366.42 and its 200 day simple moving average is $337.25. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market capitalization of $54.00 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 1.08. 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 (NASDAQ:CHTR) last posted 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 firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the company posted $8.25 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the stock 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. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a report on Monday, September 30th. Finally, Morgan Stanley increased their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Company 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.