Charter Communications, Inc. (NASDAQ:CHTR) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.4% in the first quarter, HoldingsChannel reports. The firm owned 5,743 shares of the company’s stock after acquiring an additional 22 shares during the quarter. Oak Ridge Investments LLC’s holdings in Charter Communications were worth $3,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its holdings in shares of Charter Communications by 1.3% during the first quarter. Ballentine Partners LLC now owns 1,179 shares of the company’s stock worth $728,000 after purchasing an additional 15 shares during the period. YHB Investment Advisors Inc. lifted its holdings in shares of Charter Communications by 0.5% during the first quarter. YHB Investment Advisors Inc. now owns 3,130 shares of the company’s stock worth $2,017,000 after purchasing an additional 16 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Charter Communications by 10.7% during the first quarter. Lindbrook Capital LLC now owns 166 shares of the company’s stock worth $102,000 after purchasing an additional 16 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Charter Communications by 0.5% during the fourth quarter. Van ECK Associates Corp now owns 3,268 shares of the company’s stock worth $2,162,000 after purchasing an additional 17 shares during the period. Finally, Regent Peak Wealth Advisors LLC lifted its holdings in shares of Charter Communications by 5.7% during the first quarter. Regent Peak Wealth Advisors LLC now owns 350 shares of the company’s stock worth $215,000 after purchasing an additional 19 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

In other Charter Communications news, insider David Ellen sold 10,443 shares of the business’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $669.65, for a total transaction of $6,993,154.95. Following the transaction, the insider now owns 38,711 shares of the company’s stock, valued at $25,922,821.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard R. Dykhouse sold 11,147 shares of the company’s stock in a transaction on Tuesday, May 18th. The shares were sold at an average price of $683.20, for a total value of $7,615,630.40. Following the completion of the transaction, the executive vice president now directly owns 14,439 shares in the company, valued at approximately $9,864,724.80. The disclosure for this sale can be found here. Insiders have sold 22,590 shares of company stock worth $15,306,235 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on CHTR shares. HSBC lifted their price target on Charter Communications from $650.00 to $700.00 and gave the company a “hold” rating in a research report on Monday, May 24th. Argus lifted their price target on Charter Communications from $700.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Truist lifted their price target on Charter Communications from $700.00 to $750.00 in a research report on Monday, May 3rd. Raymond James lifted their price target on Charter Communications from $690.00 to $720.00 and gave the company an “outperform” rating in a research report on Friday, May 7th. Finally, TD Securities lifted their price target on Charter Communications from $740.00 to $750.00 and gave the company a “hold” rating in a research report on Tuesday, May 11th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $710.24.

Shares of CHTR opened at $682.91 on Friday. The stock’s 50 day moving average price is $665.82. The stock has a market capitalization of $128.84 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.37 and a quick ratio of 0.37. Charter Communications, Inc. has a one year low of $498.08 and a one year high of $712.41.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, April 29th. The company reported $4.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.34 by ($0.23). The company had revenue of $12.52 billion for the quarter, compared to analyst estimates of $12.50 billion. Charter Communications had a return on equity of 11.02% and a net margin of 7.43%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.86 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 19.62 EPS for the current year.

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

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