Catalyst Capital Advisors LLC Has $319,000 Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

Catalyst Capital Advisors LLC raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 623.5% in the third quarter, Holdings Channel reports. The fund owned 984 shares of the company’s stock after purchasing an additional 848 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Charter Communications were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its stake in shares of Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after acquiring an additional 3,080 shares during the period. AustralianSuper Pty Ltd acquired a new stake in Charter Communications in the second quarter valued at approximately $7,171,000. Cetera Investment Advisers increased its holdings in shares of Charter Communications by 432.3% during the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after acquiring an additional 6,009 shares in the last quarter. CX Institutional raised its position in shares of Charter Communications by 41.5% during the second quarter. CX Institutional now owns 10,905 shares of the company’s stock worth $3,260,000 after purchasing an additional 3,199 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in shares of Charter Communications by 5.7% in the 2nd quarter. APG Asset Management N.V. now owns 61,412 shares of the company’s stock worth $17,131,000 after purchasing an additional 3,336 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $382.38 on Wednesday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The firm has a market cap of $54.58 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 0.66 and a beta of 1.03. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $422.92. The firm’s 50-day simple moving average is $333.90 and its two-hundred day simple moving average is $314.01.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the business posted $8.25 EPS. Charter Communications’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Charter Communications, Inc. will post 32.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CHTR shares. TD Cowen raised their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday. Finally, Morgan Stanley upped their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.