Qsemble Capital Management LP Makes New Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Qsemble Capital Management LP acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,292 shares of the company’s stock, valued at approximately $2,039,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Pzena Investment Management LLC grew its stake in Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after buying an additional 175,130 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after purchasing an additional 69,959 shares in the last quarter. First Pacific Advisors LP lifted its holdings in shares of Charter Communications by 2.0% in the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after acquiring an additional 12,218 shares during the last quarter. Finally, Cryder Capital Partners LLP boosted its holdings in shares of Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after acquiring an additional 39,334 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHTR has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research note on Wednesday, September 11th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. Finally, Barclays upped their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Price Performance

Shares of CHTR stock opened at $384.47 on Tuesday. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.62 and a beta of 1.03. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The business’s fifty day moving average is $348.93 and its 200 day moving average is $326.68.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the prior year, the business earned $8.25 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

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.