Integrated Wealth Concepts LLC Acquires 24,916 Shares of Charter Communications, Inc. $CHTR

Integrated Wealth Concepts LLC lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 1,179.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 27,029 shares of the company’s stock after acquiring an additional 24,916 shares during the period. Integrated Wealth Concepts LLC’s holdings in Charter Communications were worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC purchased a new stake in Charter Communications in the first quarter worth about $25,000. Quarry LP lifted its position in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Charter Communications during the 4th quarter valued at about $25,000. DV Equities LLC bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $25,000. Finally, Trust Co. of Vermont purchased a new stake in Charter Communications in the 2nd quarter worth approximately $28,000. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CHTR shares. TD Cowen decreased their target price on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Benchmark reiterated a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. New Street Research reduced their price objective on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada decreased their price objective on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus price target of $226.88.

Charter Communications Stock Up 3.7%

NASDAQ CHTR opened at $145.77 on Friday. The stock’s 50 day moving average is $143.65 and its 200 day moving average is $168.56. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. Charter Communications, Inc. has a 12 month low of $111.55 and a 12 month high of $285.82. The stock has a market cap of $17.39 billion, a PE ratio of 3.79, a P/E/G ratio of 0.31 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The business had revenue of $13.53 billion during the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the company posted $9.18 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Research analysts predict that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.