Charter Communications, Inc. $CHTR Position Boosted by S&CO Inc.

S&CO Inc. boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 61.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,863 shares of the company’s stock after buying an additional 5,253 shares during the quarter. S&CO Inc.’s holdings in Charter Communications were worth $5,667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after acquiring an additional 806,145 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Charter Communications by 48.8% during the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock worth $304,674,000 after purchasing an additional 244,324 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Charter Communications by 22.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock worth $405,118,000 after purchasing an additional 198,444 shares during the period. Nuveen LLC bought a new stake in Charter Communications during the first quarter valued at $71,956,000. Finally, Invesco Ltd. raised its holdings in shares of Charter Communications by 7.0% during the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock worth $676,181,000 after purchasing an additional 120,624 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Charter Communications Trading Up 0.9%

NASDAQ:CHTR opened at $219.86 on Monday. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.55 and a beta of 1.04. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a 1 year low of $213.50 and a 1 year high of $437.06. The business has a fifty day moving average of $257.21 and a 200-day moving average of $324.54.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The company had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. Charter Communications’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.82 earnings per share. Equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Citigroup cut their price target on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company lowered their price objective on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Monday, November 3rd. Bank of America dropped their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Finally, Barclays reduced their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Reduce” and a consensus target price of $329.56.

Charter Communications 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.