Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,157 shares of the company’s stock after acquiring an additional 806 shares during the period. Toronto Dominion Bank’s holdings in Charter Communications were worth $10,746,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Savant Capital LLC increased its holdings in Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE raised its holdings in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after acquiring an additional 32 shares in the last quarter. Grove Bank & Trust boosted its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. Finally, CVA Family Office LLC grew its position in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $379.78 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The business has a 50 day moving average of $366.42 and a two-hundred day moving average of $337.25. The company has a market cap of $54.00 billion, a P/E ratio of 11.89, a PEG ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the company earned $8.25 earnings per share. As a group, analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHTR. Pivotal Research upped their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Benchmark raised their price objective on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Company 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.