CenterBook Partners LP Grows Stock Holdings in Charter Communications, Inc. $CHTR

CenterBook Partners LP increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 150.0% in the third quarter, HoldingsChannel.com reports. The firm owned 15,013 shares of the company’s stock after acquiring an additional 9,009 shares during the quarter. CenterBook Partners LP’s holdings in Charter Communications were worth $4,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHTR. Vanguard Group Inc. boosted its position in shares of Charter Communications by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after acquiring an additional 1,130,648 shares in the last quarter. State Street Corp boosted 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 valued at $2,651,669,000 after purchasing an additional 198,979 shares in the last quarter. Norges Bank acquired a new position in Charter Communications in the second quarter valued at approximately $1,145,387,000. Geode Capital Management LLC increased its stake in Charter Communications by 1.6% in the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock valued at $1,056,800,000 after purchasing an additional 41,206 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Charter Communications by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 2,288,208 shares of the company’s stock worth $629,498,000 after purchasing an additional 42,499 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a report on Wednesday, January 28th. New Street Research decreased their price objective on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Wells Fargo & Company raised their price objective on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Citigroup reduced their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, UBS Group set a $425.00 price target on Charter Communications in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $335.67.

Charter Communications Stock Performance

Shares of CHTR stock opened at $239.14 on Thursday. The stock’s 50-day moving average price is $210.14 and its 200 day moving average price is $233.11. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $30.28 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06.

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

Charter Communications Company 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.