Nisa Investment Advisors LLC Raises Stock Holdings in Charter Communications, Inc. $CHTR

Nisa Investment Advisors LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,548 shares of the company’s stock after purchasing an additional 3,719 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Charter Communications were worth $5,751,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CHTR. Optimize Financial Inc purchased a new position in Charter Communications during the 3rd quarter valued at about $1,557,000. Wealth Enhancement Advisory Services LLC grew its holdings in Charter Communications by 245.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock worth $4,069,000 after purchasing an additional 10,455 shares during the period. State Street Corp grew its holdings in Charter Communications by 3.2% in the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after purchasing an additional 198,979 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Charter Communications during the third quarter valued at approximately $5,260,000. Finally, AustralianSuper Pty Ltd purchased a new position in shares of Charter Communications during the third quarter valued at approximately $28,651,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of a number of analyst reports. TD Cowen boosted their price target on Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. BNP Paribas Exane dropped their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Benchmark increased their target price on Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, New Street Research lowered their price target on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Price Performance

Shares of CHTR opened at $219.79 on Friday. Charter Communications, Inc. has a twelve month low of $180.38 and a twelve month high of $437.06. The company has a market capitalization of $27.83 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.34 and a beta of 1.03. The firm has a 50 day moving average of $221.55 and a 200 day moving average of $224.29. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $10.10 earnings per share. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.