58,607 Charter Communications, Inc. $CHTR Shares Acquired by TD Waterhouse Canada Inc.

by · The Markets Daily

TD Waterhouse Canada Inc. boosted its position in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 3,624.4% during the 3rd quarter, Holdings Channel reports. The fund owned 60,224 shares of the company’s stock after buying an additional 58,607 shares during the period. TD Waterhouse Canada Inc.’s holdings in Charter Communications were worth $6,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management increased its holdings in shares of Charter Communications by 1,282.6% during the third quarter. Hanson & Doremus Investment Management now owns 2,544 shares of the company’s stock valued at $282,000 after acquiring an additional 2,360 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Charter Communications during the third quarter worth approximately $77,000. Chemistry Wealth Management LLC raised its position in shares of Charter Communications by 42.4% during the third quarter. Chemistry Wealth Management LLC now owns 2,812 shares of the company’s stock worth $312,000 after purchasing an additional 837 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Charter Communications by 443.8% in the 3rd 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 in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Charter Communications by 324.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 52,597 shares of the company’s stock worth $5,833,000 after purchasing an additional 40,197 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Barclays decreased their price target on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Citigroup lowered their price objective on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Arete Research raised shares of Charter Communications to a “strong sell” rating in a research note on Thursday, October 1st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $150.00 price objective on shares of Charter Communications in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $202.53.

Read Our Latest Research Report on Charter Communications

Charter Communications Stock Performance

Shares of CHTR opened at $108.51 on Tuesday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a 50 day moving average price of $132.08 and a two-hundred day moving average price of $148.59. The firm has a market capitalization of $12.94 billion, a P/E ratio of 2.86, a P/E/G ratio of 0.23 and a beta of 0.70. Charter Communications, Inc. has a 52 week low of $101.63 and a 52 week high of $255.00.

Charter Communications (NASDAQ:CHTR – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The firm had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the business posted $9.18 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 42.92 earnings per share for the current fiscal year.

Charter Communications Company Profile

(Free Report)

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.

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