Sequoia Financial Advisors LLC Boosts Stake in Charter Communications, Inc. $CHTR

Sequoia Financial Advisors LLC lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 21.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,022 shares of the company’s stock after buying an additional 537 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Charter Communications were worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Charter Communications by 1.5% during the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after purchasing an additional 120,303 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after purchasing an additional 806,145 shares in the last quarter. Invesco Ltd. boosted its position in 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Charter Communications by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock worth $472,941,000 after purchasing an additional 19,594 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Charter Communications by 22.0% during 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 in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CHTR. Wells Fargo & Company initiated coverage on Charter Communications in a research report on Thursday, August 21st. They set an “equal weight” rating and a $300.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Citigroup started coverage on Charter Communications in a research report on Monday, October 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a research report on Monday, October 6th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $373.71.

Charter Communications Stock Performance

Charter Communications stock opened at $253.16 on Friday. The firm has a market capitalization of $34.58 billion, a P/E ratio of 6.93, a PEG ratio of 0.58 and a beta of 1.05. The stock has a fifty day moving average price of $266.47 and a 200 day moving average price of $335.53. Charter Communications, Inc. has a 52 week low of $251.23 and a 52 week high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The business had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.49 earnings per share. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,670 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer owned 70,243 shares of the company’s stock, valued at $19,183,363.30. This trade represents a 5.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Balan Nair bought 360 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the completion of the purchase, the director directly owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company’s stock.

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.