7,350 Charter Communications, Inc. $CHTR Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 19.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,110 shares of the company’s stock after acquiring an additional 7,350 shares during the period. Pictet Asset Management Holding SA’s holdings in Charter Communications were worth $5,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Bank of America Corp DE raised its position in Charter Communications by 28.4% in the first quarter. Bank of America Corp DE now owns 731,708 shares of the company’s stock valued at $157,961,000 after purchasing an additional 161,888 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Charter Communications by 79.2% during the first quarter. Sei Investments Co. now owns 250,497 shares of the company’s stock valued at $54,078,000 after purchasing an additional 110,684 shares in the last quarter. Swiss National Bank grew its holdings in shares of Charter Communications by 1.5% during the first quarter. Swiss National Bank now owns 246,896 shares of the company’s stock worth $53,300,000 after purchasing an additional 3,560 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Charter Communications by 443.8% during the third quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company’s stock worth $46,565,000 after purchasing an additional 342,668 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Charter Communications by 562.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company’s stock worth $36,426,000 after purchasing an additional 278,898 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Morgan Stanley cut their target price on shares of Charter Communications from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. TD Cowen reduced their target price on shares of Charter Communications from $372.00 to $345.00 and set a “buy” rating on the stock in a report on Monday, November 9th. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a research report on Monday, July 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Reduce” and an average price target of $193.41.

Charter Communications Trading Up 4.3%

CHTR traded up $5.73 during midday trading on Friday, hitting $138.39. 2,969,752 shares of the company were exchanged, compared to its average volume of 2,980,229. The firm’s 50 day moving average price is $118.93 and its 200-day moving average price is $161.90. Charter Communications, Inc. has a 1-year low of $101.11 and a 1-year high of $254.11. The firm has a market capitalization of $15.84 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.70 and a beta of 0.73. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 3.58.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 6th. The company reported ($20.50) earnings per share for the quarter, missing the consensus estimate of $8.94 by ($29.44). The company had revenue of $14.92 billion during the quarter, compared to analyst estimates of $13.50 billion. Charter Communications had a net margin of 2.50% and a return on equity of 27.11%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $8.34 EPS. As a group, equities analysts forecast that Charter Communications, Inc. will post 35.30 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.