GSA Capital Partners LLP acquired a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 800 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHTR. Veritas Asset Management LLP increased its stake in shares of Charter Communications by 65.3% during the second quarter. Veritas Asset Management LLP now owns 4,434,781 shares of the company’s stock valued at $1,300,322,000 after acquiring an additional 1,752,400 shares during the period. Farallon Capital Management LLC increased its stake in shares of Charter Communications by 70.3% during the first quarter. Farallon Capital Management LLC now owns 789,581 shares of the company’s stock valued at $245,733,000 after acquiring an additional 325,956 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Charter Communications by 19,345.8% during the first quarter. Summit Trail Advisors LLC now owns 292,659 shares of the company’s stock valued at $293,000 after acquiring an additional 291,154 shares during the period. Brown Advisory Inc. increased its stake in shares of Charter Communications by 25.5% during the first quarter. Brown Advisory Inc. now owns 966,921 shares of the company’s stock valued at $300,925,000 after acquiring an additional 196,229 shares during the period. Finally, Triple Frond Partners LLC increased its stake in shares of Charter Communications by 33.7% during the second quarter. Triple Frond Partners LLC now owns 620,029 shares of the company’s stock valued at $181,799,000 after acquiring an additional 156,244 shares during the period. Institutional investors and hedge funds own 71.07% of the company’s stock.

In related news, EVP Richard R. Dykhouse sold 2,101 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total value of $622,988.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Shares of NASDAQ:CHTR opened at $327.04 on Tuesday. The company has a market cap of $77.12 billion, a P/E ratio of 123.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Charter Communications Inc has a 1-year low of $250.10 and a 1-year high of $396.64. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.20. The firm had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.83 billion. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. sell-side analysts anticipate that Charter Communications Inc will post 4.43 EPS for the current year.

A number of research analysts recently commented on CHTR shares. ValuEngine lowered shares of Charter Communications from a “sell” rating to a “strong sell” rating in a research note on Friday, June 1st. Jefferies Financial Group assumed coverage on shares of Charter Communications in a research note on Thursday, June 7th. They set a “hold” rating and a $300.00 price objective on the stock. Goldman Sachs Group upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the stock from $315.00 to $361.00 in a report on Thursday, June 21st. Macquarie restated a “buy” rating and set a $320.00 target price on shares of Charter Communications in a report on Monday, June 25th. Finally, BidaskClub upgraded shares of Charter Communications from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Charter Communications has a consensus rating of “Buy” and a consensus price target of $363.62.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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