US Bancorp DE Raises Holdings in Charter Communications, Inc. $CHTR

US Bancorp DE increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,864 shares of the company’s stock after acquiring an additional 137 shares during the period. US Bancorp DE’s holdings in Charter Communications were worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL grew its position in Charter Communications by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock worth $1,153,000 after acquiring an additional 25 shares during the period. Allworth Financial LP grew its position in Charter Communications by 10.5% in the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after acquiring an additional 27 shares during the period. Hemington Wealth Management grew its position in Charter Communications by 24.3% in the first quarter. Hemington Wealth Management now owns 143 shares of the company’s stock worth $52,000 after acquiring an additional 28 shares during the period. Cooper Financial Group grew its position in Charter Communications by 2.3% in the second quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock worth $515,000 after acquiring an additional 28 shares during the period. Finally, Brown Advisory Inc. grew its position in Charter Communications by 1.1% in the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock worth $997,000 after acquiring an additional 29 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of several analyst reports. Arete Research upgraded Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. 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 price target for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Citigroup initiated coverage on Charter Communications in a research report on Monday, October 6th. They set a “buy” rating and a $325.00 price target for the company. Finally, Sanford C. Bernstein lowered their price target on Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, September 10th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average price target of $373.71.

Charter Communications Stock Up 2.9%

Shares of NASDAQ CHTR opened at $266.25 on Wednesday. The stock has a market cap of $36.37 billion, a P/E ratio of 7.29, a PEG ratio of 0.59 and a beta of 1.05. 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, Inc. has a 12-month low of $251.80 and a 12-month high of $437.06. The business’s fifty day simple moving average is $266.55 and its 200-day simple moving average is $337.63.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company 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 firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.49 earnings per share. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Buying and Selling at Charter Communications

In related news, Director Balan Nair acquired 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was bought at an average price 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 approximately $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

Charter Communications Company 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.