Sands Capital Management LLC Increases Stock Holdings in Charter Communications, Inc. $CHTR

Sands Capital Management LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,432 shares of the company’s stock after purchasing an additional 2,828 shares during the period. Sands Capital Management LLC’s holdings in Charter Communications were worth $99,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its position in Charter Communications by 27.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,384 shares of the company’s stock valued at $510,000 after buying an additional 301 shares during the period. Cetera Investment Advisers boosted its holdings in Charter Communications by 50.9% in the first quarter. Cetera Investment Advisers now owns 6,560 shares of the company’s stock valued at $2,418,000 after purchasing an additional 2,212 shares during the period. LPL Financial LLC grew its stake in Charter Communications by 25.0% during the 1st quarter. LPL Financial LLC now owns 15,957 shares of the company’s stock worth $5,881,000 after purchasing an additional 3,194 shares in the last quarter. Banco Santander S.A. increased its holdings in Charter Communications by 11.9% during the 1st quarter. Banco Santander S.A. now owns 792 shares of the company’s stock worth $292,000 after purchasing an additional 84 shares during the period. Finally, Blair William & Co. IL raised its position in Charter Communications by 4.9% in the 1st quarter. Blair William & Co. IL now owns 818 shares of the company’s stock valued at $301,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Insiders Place Their Bets

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

Charter Communications Stock Up 0.4%

Charter Communications stock opened at $197.72 on Wednesday. The stock has a 50-day simple moving average of $236.23 and a 200-day simple moving average of $301.40. The company has a market capitalization of $25.59 billion, a P/E ratio of 5.49, a PEG ratio of 0.63 and a beta of 1.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. Charter Communications, Inc. has a fifty-two week low of $193.00 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). The business had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $8.82 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research note on Monday, November 3rd. Benchmark cut their price target on Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group started coverage on Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price target for the company. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Reduce” and a consensus target price of $329.56.

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 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.