Atalanta Sosnoff Capital LLC purchased a new stake in Charter Communications Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 131,252 shares of the company’s stock, valued at approximately $30,009,000.

Other institutional investors also recently bought and sold shares of the company. Thrax Management LLC raised its position in Charter Communications by 47.1% in the first quarter. Thrax Management LLC now owns 153,425 shares of the company’s stock valued at $31,058,000 after buying an additional 49,156 shares during the last quarter. Suvretta Capital Management LLC raised its position in Charter Communications by 5.6% in the first quarter. Suvretta Capital Management LLC now owns 528,101 shares of the company’s stock valued at $106,903,000 after buying an additional 28,100 shares during the last quarter. Hunt Lane Capital LP raised its position in Charter Communications by 30.7% in the first quarter. Hunt Lane Capital LP now owns 196,000 shares of the company’s stock valued at $39,676,000 after buying an additional 46,000 shares during the last quarter. Tybourne Capital Management HK Ltd. raised its position in Charter Communications by 52.1% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,184,489 shares of the company’s stock valued at $442,206,000 after buying an additional 747,989 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Charter Communications by 4.8% in the first quarter. Geode Capital Management LLC now owns 488,639 shares of the company’s stock valued at $98,857,000 after buying an additional 22,436 shares during the last quarter. Institutional investors and hedge funds own 77.15% of the company’s stock.

Shares of Charter Communications Inc. (NASDAQ:CHTR) traded up 0.62% on Tuesday, reaching $264.56. The company’s stock had a trading volume of 1,968,211 shares. The firm has a 50-day moving average price of $257.20 and a 200 day moving average price of $226.38. The firm has a market capitalization of $71.68 billion, a PE ratio of 11.81 and a beta of 0.72. Charter Communications Inc. has a one year low of $156.13 and a one year high of $279.95.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business posted ($1.09) earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Charter Communications Inc. will post $0.60 earnings per share for the current fiscal year.

CHTR has been the topic of a number of recent analyst reports. Morgan Stanley reiterated a “buy” rating and issued a $300.00 price objective on shares of Charter Communications in a research report on Monday, September 12th. Guggenheim initiated coverage on Charter Communications in a research report on Monday, August 29th. They issued a “buy” rating and a $300.00 price objective on the stock. Vetr upgraded Charter Communications from a “buy” rating to a “strong-buy” rating and set a $300.54 price objective on the stock in a research report on Monday, September 12th. Argus reiterated a “buy” rating and issued a $300.00 price objective on shares of Charter Communications in a research report on Wednesday, August 24th. Finally, Barclays PLC lifted their price objective on Charter Communications from $204.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 26th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and a consensus target price of $275.28.

In related news, Director Mauricio Ramos acquired 1,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were acquired at an average cost of $255.00 per share, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Hargis sold 7,233 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $253.21, for a total value of $1,831,467.93. Following the transaction, the executive vice president now directly owns 13,255 shares in the company, valued at approximately $3,356,298.55. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

5 Day Chart for NASDAQ:CHTR

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications Inc. (NASDAQ:CHTR).

Receive News & Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.