Janney Montgomery Scott LLC increased its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,835 shares of the company’s stock after acquiring an additional 337 shares during the period. Janney Montgomery Scott LLC’s holdings in Charter Communications were worth $1,580,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHTR. Venturi Wealth Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Charter Communications during the 2nd quarter valued at about $34,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $35,000. Mechanics Bank Trust Department acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $38,000. Finally, Ibex Wealth Advisors acquired a new stake in shares of Charter Communications during the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 72.58% of the company’s stock.

In other Charter Communications news, CMO Jonathan Hargis sold 1,234 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total value of $573,563.20. Following the completion of the transaction, the chief marketing officer now directly owns 12,895 shares of the company’s stock, valued at $5,993,596. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lance Conn sold 1,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $460.87, for a total transaction of $460,870.00. Following the completion of the transaction, the director now directly owns 7,552 shares of the company’s stock, valued at $3,480,490.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,434 shares of company stock valued at $1,603,797. Insiders own 0.84% of the company’s stock.

Several brokerages have recently weighed in on CHTR. Cowen lifted their target price on shares of Charter Communications from $413.00 to $433.00 and gave the company an “in-line” rating in a research report on Monday, July 29th. Citigroup boosted their price target on shares of Charter Communications from $455.00 to $483.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Argus boosted their price target on shares of Charter Communications from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Charter Communications from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Finally, SunTrust Banks boosted their price target on shares of Charter Communications to $495.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and a consensus target price of $467.24.

Shares of NASDAQ CHTR opened at $468.44 on Friday. Charter Communications Inc has a 1-year low of $272.91 and a 1-year high of $479.18. The company has a market cap of $101.64 billion, a PE ratio of 89.74, a P/E/G ratio of 1.84 and a beta of 1.23. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average of $437.42 and a two-hundred day moving average of $403.24.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 25th. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.08. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.42 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications Inc will post 6.78 earnings per share for the current year.

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, and spectrum mobile and spectrum guide services, 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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