Fulton Breakefield Broenniman LLC Takes $789,000 Position in Charter Communications, Inc. $CHTR

Fulton Breakefield Broenniman LLC purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,930 shares of the company’s stock, valued at approximately $789,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Charter Communications by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after buying an additional 120,303 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after buying an additional 806,145 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Charter Communications by 7.0% in the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after purchasing an additional 120,624 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Charter Communications by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock valued at $472,941,000 after purchasing an additional 19,594 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Charter Communications by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after purchasing an additional 198,444 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a research note on Monday. Wells Fargo & Company started coverage on Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target on the stock. The Goldman Sachs Group started coverage on Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price target on the stock. Citigroup started coverage on Charter Communications in a research note on Monday. They issued a “buy” rating and a $325.00 price target on the stock. Finally, KeyCorp cut their price target on Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $373.71.

Charter Communications Price Performance

CHTR stock opened at $274.37 on Thursday. The stock has a 50-day moving average price of $266.80 and a two-hundred day moving average price of $341.01. The stock has a market cap of $37.48 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 1 year low of $251.80 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). The firm had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $8.49 EPS. Equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Transactions at Charter Communications

In other news, CEO Christopher L. Winfrey bought 3,670 shares of the stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Balan Nair acquired 360 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the acquisition, the director directly owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

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.