Today, TD Asset Management Inc. Buys 49,359 Shares of Charter Communications, Inc. (CHTR)

Today, TD Asset Management Inc. Buys 49,359 Shares of Charter Communications, Inc. (CHTR)
TD Asset Management Inc. raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 36.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 183,000 shares of the company’s stock after buying an additional 49,359 shares during the period. TD Asset Management Inc. owned about 0.07% of Charter Communications worth $49,405,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CHTR. Keel Point LLC purchased a new stake in Charter Communications during the second quarter valued at $263,000. Creative Planning boosted its stake in Charter Communications by 12,806.5% in the second quarter. Creative Planning now owns 4,001 shares of the company’s stock valued at $915,000 after buying an additional 3,970 shares in the last quarter. Gateway Investment Advisers LLC purchased a new stake in Charter Communications during the second quarter valued at $7,355,000. Atria Investments LLC purchased a new stake in Charter Communications during the second quarter valued at $314,000. Finally, Gulf International Bank UK Ltd boosted its stake in Charter Communications by 156.9% in the second quarter. Gulf International Bank UK Ltd now owns 64,378 shares of the company’s stock valued at $14,719,000 after buying an additional 39,316 shares in the last quarter. 77.88% of the stock is owned by institutional investors.

Charter Communications, Inc. (NASDAQ:CHTR) traded up 1.17% during mid-day trading on Friday, reaching $275.50. 626,949 shares of the company’s stock were exchanged. Charter Communications, Inc. has a one year low of $156.13 and a one year high of $281.36. The stock has a market cap of $74.57 billion, a price-to-earnings ratio of 16.39 and a beta of 0.93. The stock has a 50-day moving average of $259.83 and a 200-day moving average of $246.17.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, November 3rd. The company reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.10. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. The firm’s quarterly revenue was up 309.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. On average, equities research analysts anticipate that Charter Communications, Inc. will post $0.60 earnings per share for the current year.

Several research firms recently weighed in on CHTR. Pivotal Research upped their price objective on shares of Charter Communications from $333.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Macquarie increased their target price on shares of Charter Communications from $286.00 to $289.00 and gave the stock an “outperform” rating in a report on Wednesday, September 28th. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup Inc. increased their target price on shares of Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a report on Friday, September 30th. Finally, Moffett Nathanson raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a report on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $289.97.

Charter Communications Company Profile

Related posts

Leave a Comment