Canada Pension Plan Investment Board boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 289.2% during the second quarter, Holdings Channel reports. The firm owned 244,401 shares of the company’s stock after buying an additional 181,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Charter Communications were worth $82,326,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CHTR. Stoneridge Investment Partners LLC purchased a new stake in Charter Communications during the second quarter worth about $8,899,000. Barrett Asset Management LLC increased its stake in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after buying an additional 216 shares during the period. Advisor Partners LLC increased its stake in shares of Charter Communications by 25.2% in the second quarter. Advisor Partners LLC now owns 3,901 shares of the company’s stock valued at $1,314,000 after buying an additional 785 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Charter Communications by 14.3% in the second quarter. Pictet Asset Management Ltd. now owns 161,060 shares of the company’s stock valued at $55,655,000 after buying an additional 20,168 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Charter Communications by 0.3% in the second quarter. Retirement Systems of Alabama now owns 186,275 shares of the company’s stock valued at $62,747,000 after buying an additional 591 shares during the last quarter. 77.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications, Inc. (CHTR) opened at 400.90 on Thursday. The firm has a market cap of $103.39 billion, a PE ratio of 114.84 and a beta of 1.09. The company has a 50 day moving average price of $351.94 and a 200 day moving average price of $334.70. Charter Communications, Inc. has a 1-year low of $241.50 and a 1-year high of $408.83.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.29. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

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Several equities research analysts have recently weighed in on the company. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $340.00 to $450.00 in a research report on Wednesday. Royal Bank Of Canada upped their target price on Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday. Guggenheim downgraded Charter Communications from a “buy” rating to a “neutral” rating and upped their target price for the stock from $370.00 to $400.00 in a research report on Thursday, August 3rd. Barclays PLC set a $354.00 target price on Charter Communications and gave the stock an “equal weight” rating in a research report on Wednesday, August 2nd. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Eleven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $357.70.

Charter Communications Company Profile

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.

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

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