Russell Investments Group Ltd. Has $77.58 Million Position in Charter Communications, Inc. $CHTR

Russell Investments Group Ltd. raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 16.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,037 shares of the company’s stock after acquiring an additional 26,150 shares during the quarter. Russell Investments Group Ltd.’s holdings in Charter Communications were worth $77,576,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Charter Communications by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock worth $3,365,203,000 after purchasing an additional 39,944 shares in the last quarter. Geode Capital Management LLC grew its stake in Charter Communications by 1.6% during the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock worth $1,056,800,000 after buying an additional 41,206 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after buying an additional 806,145 shares in the last quarter. Invesco Ltd. raised its stake in shares of Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after acquiring an additional 120,624 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Charter Communications by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock valued at $472,941,000 after acquiring an additional 19,594 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CHTR has been the topic of a number of research analyst reports. Benchmark decreased their price target on Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Bank of America lowered their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $329.56.

Charter Communications Trading Down 0.5%

Shares of CHTR opened at $199.81 on Thursday. The stock’s fifty day simple moving average is $241.52 and its 200-day simple moving average is $308.25. The firm has a market capitalization of $25.86 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a 12-month low of $193.00 and a 12-month high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the firm posted $8.82 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.