Sciencast Management LP boosted its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 179.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,820 shares of the company’s stock after buying an additional 4,378 shares during the quarter. Charter Communications accounts for about 0.9% of Sciencast Management LP’s holdings, making the stock its 4th biggest holding. Sciencast Management LP’s holdings in Charter Communications were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Ropes Wealth Advisors LLC boosted its stake in shares of Charter Communications by 62.5% in the third quarter. Ropes Wealth Advisors LLC now owns 78 shares of the company’s stock valued at $32,000 after purchasing an additional 30 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in shares of Charter Communications in the third quarter valued at approximately $35,000. Mechanics Bank Trust Department purchased a new position in shares of Charter Communications in the third quarter valued at approximately $38,000. Finally, Evoke Wealth LLC purchased a new position in shares of Charter Communications in the third quarter valued at approximately $40,000. 72.76% of the stock is owned by institutional investors.

Shares of NASDAQ:CHTR opened at $515.40 on Thursday. The firm’s 50 day moving average price is $481.94 and its 200 day moving average price is $436.95. The stock has a market cap of $109.46 billion, a price-to-earnings ratio of 98.74, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. Charter Communications Inc has a fifty-two week low of $279.33 and a fifty-two week high of $517.07. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.76.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 25th. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.08. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The firm had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.42 billion. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Charter Communications Inc will post 6.9 EPS for the current year.

In other Charter Communications news, CMO Jonathan Hargis sold 1,234 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total transaction of $573,563.20. Following the sale, the chief marketing officer now owns 12,895 shares of the company’s stock, valued at $5,993,596. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $474.47, for a total transaction of $569,364.00. Following the sale, the director now directly owns 9,276 shares in the company, valued at approximately $4,401,183.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,434 shares of company stock worth $2,103,797. 0.84% of the stock is owned by corporate insiders.

Several research analysts have recently commented on CHTR shares. Pivotal Research raised their price objective on shares of Charter Communications from $500.00 to $600.00 in a research note on Friday, October 25th. Argus raised their price objective on shares of Charter Communications from $440.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Thursday. SunTrust Banks raised their price objective on shares of Charter Communications to $495.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Guggenheim raised shares of Charter Communications to a “buy” rating and raised their price objective for the company from $488.00 to $528.00 in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $460.76.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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

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