Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by GQG Partners LLC

GQG Partners LLC raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 222.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,437,671 shares of the company’s stock after purchasing an additional 991,782 shares during the quarter. Charter Communications comprises about 3.0% of GQG Partners LLC’s investment portfolio, making the stock its 12th largest position. GQG Partners LLC’s holdings in Charter Communications were worth $1,036,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHTR. Price T Rowe Associates Inc. MD raised its stake in Charter Communications by 38.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,966,645 shares of the company’s stock valued at $1,213,459,000 after buying an additional 542,862 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Charter Communications by 15.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,449,342 shares of the company’s stock worth $1,767,076,000 after purchasing an additional 321,647 shares during the period. SG Americas Securities LLC raised its position in shares of Charter Communications by 103.8% during the 1st quarter. SG Americas Securities LLC now owns 10,716 shares of the company’s stock worth $6,612,000 after purchasing an additional 295,258 shares during the period. Altarock Partners LLC raised its position in shares of Charter Communications by 16.7% during the 2nd quarter. Altarock Partners LLC now owns 1,204,513 shares of the company’s stock worth $868,996,000 after purchasing an additional 172,374 shares during the period. Finally, Veritas Asset Management LLP raised its position in shares of Charter Communications by 6.4% during the 1st quarter. Veritas Asset Management LLP now owns 2,576,310 shares of the company’s stock worth $1,589,635,000 after purchasing an additional 154,065 shares during the period. Hedge funds and other institutional investors own 69.96% of the company’s stock.

A number of analysts have recently weighed in on the company. BNP Paribas assumed coverage on Charter Communications in a research report on Monday, September 27th. They set an “outperform” rating and a $956.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut Charter Communications from a “buy” rating to a “hold” rating and dropped their price target for the stock from $825.00 to $725.00 in a research report on Tuesday. Zacks Investment Research cut Charter Communications from a “buy” rating to a “hold” rating and set a $787.00 price target on the stock. in a research report on Tuesday, August 3rd. Loop Capital began coverage on Charter Communications in a report on Monday, September 20th. They issued a “hold” rating and a $815.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Charter Communications from $750.00 to $855.00 and gave the stock an “overweight” rating in a report on Monday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $818.92.

In other news, CMO Jonathan Hargis sold 7,254 shares of the firm’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $764.94, for a total transaction of $5,548,874.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Shares of CHTR traded up $9.65 during trading hours on Thursday, hitting $705.88. 8,390 shares of the company were exchanged, compared to its average volume of 975,053. The company has a market capitalization of $129.76 billion, a PE ratio of 35.98, a PEG ratio of 1.03 and a beta of 1.01. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a fifty day simple moving average of $767.94 and a 200-day simple moving average of $714.74. Charter Communications, Inc. has a one year low of $572.46 and a one year high of $825.62.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, July 29th. The company reported $5.29 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.48. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.62 billion. Charter Communications had a return on equity of 13.08% and a net margin of 7.78%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $3.63 EPS. Sell-side analysts expect that Charter Communications, Inc. will post 21.12 EPS for the current year.

Charter Communications Profile

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

Further Reading: What is the quiet period?

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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