Mount Capital Ltd Boosts Stock Position in Charter Communications, Inc. $CHTR

Mount Capital Ltd lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 133.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,261 shares of the company’s stock after buying an additional 51,030 shares during the period. Charter Communications comprises about 8.8% of Mount Capital Ltd’s holdings, making the stock its 5th largest position. Mount Capital Ltd’s holdings in Charter Communications were worth $24,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Norges Bank bought a new position in Charter Communications during the 2nd quarter valued at $1,145,387,000. Capital Research Global Investors purchased a new position in Charter Communications during the 3rd quarter worth $327,179,000. Vanguard Group Inc. grew its stake in shares of Charter Communications by 13.7% in 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. Dodge & Cox grew its stake in shares of Charter Communications by 6.1% in the 3rd quarter. Dodge & Cox now owns 11,807,549 shares of the company’s stock worth $3,248,316,000 after acquiring an additional 681,063 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Charter Communications by 71.0% in the third quarter. UBS Group AG now owns 1,615,283 shares of the company’s stock valued at $444,372,000 after purchasing an additional 670,566 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

CHTR opened at $218.19 on Friday. Charter Communications, Inc. has a fifty-two week low of $180.38 and a fifty-two week high of $437.06. The firm has a 50-day moving average of $216.65 and a 200 day moving average of $228.85. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $27.63 billion, a P/E ratio of 6.01, a PEG ratio of 0.34 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Sanford C. Bernstein set a $220.00 price target on shares of Charter Communications in a research report on Wednesday, January 28th. The Goldman Sachs Group decreased their price objective on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Williams Trading set a $437.00 target price on shares of Charter Communications in a research report on Monday, February 2nd. UBS Group set a $425.00 target price on Charter Communications in a research note on Thursday, January 29th. Finally, Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $335.11.

About Charter Communications

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.