Clarius Group LLC Sells 37 Shares of Charter Communications, Inc. $CHTR

Clarius Group LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 706 shares of the company’s stock after selling 37 shares during the period. Clarius Group LLC’s holdings in Charter Communications were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its stake in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Charter Communications during the second quarter valued at $28,000. SouthState Corp bought a new stake in Charter Communications during the first quarter valued at about $25,000. Family CFO Inc bought a new stake in Charter Communications during the second quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after buying an additional 41 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Insider Activity at Charter Communications

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHTR. Sanford C. Bernstein cut their price objective on Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Charter Communications in a research note on Saturday, September 27th. Bank of America decreased their price objective on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. UBS Group dropped their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Arete Research raised Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $376.06.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $282.74 on Tuesday. The company has a market cap of $38.62 billion, a P/E ratio of 7.74, a P/E/G ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a 52-week low of $251.80 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s fifty day moving average is $266.99 and its two-hundred day moving average is $341.93.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the previous year, the business earned $8.49 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.