Connor Clark & Lunn Investment Management Ltd. Purchases 84,528 Shares of Charter Communications, Inc. $CHTR

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 571.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,309 shares of the company’s stock after purchasing an additional 84,528 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Charter Communications worth $27,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after buying an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after acquiring an additional 128 shares during the last quarter. Jones Financial Companies Lllp grew its position in Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Charter Communications by 451.1% during the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after acquiring an additional 600 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHTR. Benchmark raised their price target on shares of Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. The Goldman Sachs Group lowered 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 report on Monday, February 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Royal Bank Of Canada lowered their price target on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $335.11.

Charter Communications Stock Down 4.1%

Shares of NASDAQ CHTR opened at $215.08 on Friday. The company has a 50 day simple moving average of $216.47 and a 200 day simple moving average of $229.24. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The firm has a market cap of $27.24 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02.

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

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.