Caisse DE Depot ET Placement DU Quebec Raises Position in Charter Communications, Inc. (CHTR)

Caisse DE Depot ET Placement DU Quebec boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 121.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,081 shares of the company’s stock after purchasing an additional 47,700 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Charter Communications were worth $31,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Engineers Gate Manager LP acquired a new position in Charter Communications in the 3rd quarter valued at approximately $1,544,000. Aureus Asset Management LLC increased its position in Charter Communications by 0.4% in the 3rd quarter. Aureus Asset Management LLC now owns 44,829 shares of the company’s stock valued at $16,292,000 after acquiring an additional 172 shares during the period. Signature Financial Management Inc. acquired a new position in Charter Communications in the 3rd quarter valued at approximately $214,000. Private Advisor Group LLC increased its position in Charter Communications by 24.2% in the 3rd quarter. Private Advisor Group LLC now owns 10,059 shares of the company’s stock valued at $3,680,000 after acquiring an additional 1,963 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Charter Communications in the 3rd quarter valued at approximately $220,000. Hedge funds and other institutional investors own 72.22% of the company’s stock.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at $330.95 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.55. The company has a market cap of $83,040.00, a price-to-earnings ratio of 208.86, a price-to-earnings-growth ratio of 6.26 and a beta of 1.06. Charter Communications, Inc. has a twelve month low of $271.32 and a twelve month high of $408.83.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. equities analysts predict that Charter Communications, Inc. will post 2.21 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on CHTR shares. Telsey Advisory Group cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Barclays decreased their price objective on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Evercore ISI increased their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and set a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Charter Communications presently has an average rating of “Buy” and an average target price of $378.12.

In related news, CFO Christopher L. Winfrey purchased 3,100 shares of Charter Communications stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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

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