Brown Brothers Harriman & Co. Grows Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,737 shares of the company’s stock after buying an additional 84 shares during the period. Brown Brothers Harriman & Co.’s holdings in Charter Communications were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sfmg LLC raised its holdings in Charter Communications by 2.8% during the 2nd quarter. Sfmg LLC now owns 560 shares of the company’s stock valued at $404,000 after buying an additional 15 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Charter Communications by 4.9% in the second quarter. Wedbush Securities Inc. now owns 342 shares of the company’s stock worth $247,000 after purchasing an additional 16 shares during the last quarter. Veritable L.P. raised its position in Charter Communications by 0.4% during the 1st quarter. Veritable L.P. now owns 4,266 shares of the company’s stock valued at $2,632,000 after purchasing an additional 17 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Charter Communications by 14.9% in the 2nd quarter. Sound Income Strategies LLC now owns 131 shares of the company’s stock worth $95,000 after buying an additional 17 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Charter Communications by 8.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 238 shares of the company’s stock valued at $171,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.

Shares of CHTR opened at $696.23 on Thursday. Charter Communications, Inc. has a fifty-two week low of $572.46 and a fifty-two week high of $825.62. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.47 and a current ratio of 0.47. The company’s fifty day moving average is $767.94 and its 200 day moving average is $714.74. The stock has a market capitalization of $127.98 billion, a PE ratio of 35.98, a P/E/G ratio of 1.03 and a beta of 1.01.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, July 29th. The company reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.48. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.62 billion. Charter Communications had a return on equity of 13.08% and a net margin of 7.78%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 earnings per share. As a group, research analysts forecast that Charter Communications, Inc. will post 21.12 earnings per share for the current year.

In related news, CMO Jonathan Hargis sold 7,254 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $764.94, for a total transaction of $5,548,874.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

CHTR has been the subject of several research analyst reports. TD Securities upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and set a $1,100.00 price objective for the company in a report on Friday, October 1st. Wells Fargo & Company downgraded shares of Charter Communications from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $848.00 to $665.00 in a research note on Friday, October 8th. Benchmark boosted their target price on Charter Communications from $820.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, August 2nd. Argus increased their price objective on shares of Charter Communications from $775.00 to $900.00 and gave the company a “buy” rating in a research report on Wednesday, August 11th. They noted that the move was a valuation call. Finally, Loop Capital began coverage on shares of Charter Communications in a report on Monday, September 20th. They issued a “hold” rating and a $815.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $818.92.

About Charter Communications

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

Further Reading: What is the CBOE Russell 2000® Volatility Index?

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR).

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.