Boston Private Wealth LLC boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,418 shares of the company’s stock after buying an additional 35 shares during the quarter. Boston Private Wealth LLC’s holdings in Charter Communications were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in CHTR. Signet Investment Advisory Group Inc. purchased a new position in shares of Charter Communications in the fourth quarter valued at $26,000. Reilly Financial Advisors LLC grew its position in shares of Charter Communications by 238.5% in the fourth quarter. Reilly Financial Advisors LLC now owns 44 shares of the company’s stock valued at $29,000 after purchasing an additional 31 shares in the last quarter. NEXT Financial Group Inc grew its position in shares of Charter Communications by 117.4% in the first quarter. NEXT Financial Group Inc now owns 50 shares of the company’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Charter Communications in the first quarter valued at $31,000. Finally, Wealthcare Capital Management LLC purchased a new position in shares of Charter Communications in the first quarter valued at $33,000. Institutional investors own 69.72% of the company’s stock.
Several brokerages have recently weighed in on CHTR. Truist Securities lifted their price target on Charter Communications from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Monday, May 3rd. Credit Suisse Group lifted their price objective on Charter Communications from $724.00 to $780.00 and gave the company an “outperform” rating in a research note on Monday, May 3rd. Argus lifted their price objective on Charter Communications from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, May 12th. Morgan Stanley lifted their price objective on Charter Communications from $730.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, May 3rd. Finally, Raymond James lifted their price objective on Charter Communications from $690.00 to $720.00 and gave the company an “outperform” rating in a research note on Friday, May 7th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Charter Communications currently has an average rating of “Buy” and a consensus price target of $710.24.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, April 29th. The company reported $4.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.34 by ($0.23). Charter Communications had a return on equity of 11.02% and a net margin of 7.43%. The business had revenue of $12.52 billion during the quarter, compared to analysts’ expectations of $12.50 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Research analysts anticipate that Charter Communications, Inc. will post 19.62 earnings per share for the current year.
In other news, EVP Richard R. Dykhouse sold 11,147 shares of the firm’s stock in a transaction dated Tuesday, May 18th. The stock was sold at an average price of $683.20, for a total transaction of $7,615,630.40. Following the completion of the transaction, the executive vice president now owns 14,439 shares in the company, valued at $9,864,724.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David C. Merritt sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $697.45, for a total value of $697,450.00. Following the transaction, the director now owns 8,907 shares of the company’s stock, valued at approximately $6,212,187.15. The disclosure for this sale can be found here. Insiders sold a total of 22,590 shares of company stock valued at $15,306,235 in the last quarter. 1.00% of the stock is currently owned by company insiders.
About Charter Communications
Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.
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