Schroder Investment Management Group cut its position in Charter Communications Inc (NASDAQ:CHTR) by 40.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,361 shares of the company’s stock after selling 35,565 shares during the quarter. Schroder Investment Management Group’s holdings in Charter Communications were worth $15,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Cambridge Investment Research Advisors Inc. boosted its stake in Charter Communications by 26.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,352 shares of the company’s stock valued at $421,000 after purchasing an additional 280 shares during the period. IFP Advisors Inc boosted its stake in Charter Communications by 78.4% in the 1st quarter. IFP Advisors Inc now owns 2,248 shares of the company’s stock valued at $700,000 after purchasing an additional 988 shares during the period. Quantbot Technologies LP bought a new stake in Charter Communications in the 1st quarter valued at $1,744,000. PNC Financial Services Group Inc. boosted its stake in Charter Communications by 11.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 40,224 shares of the company’s stock valued at $12,520,000 after purchasing an additional 4,135 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Charter Communications by 24.2% in the 1st quarter. Russell Investments Group Ltd. now owns 204,150 shares of the company’s stock valued at $63,201,000 after purchasing an additional 39,810 shares during the period. Institutional investors and hedge funds own 71.07% of the company’s stock.

NASDAQ:CHTR opened at $323.37 on Wednesday. The firm has a market cap of $75.83 billion, a PE ratio of 112.77, a P/E/G ratio of 1.94 and a beta of 1.24. 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 Inc has a fifty-two week low of $250.10 and a fifty-two week high of $396.64.

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

In other news, EVP Richard R. Dykhouse sold 2,101 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by insiders.

CHTR has been the subject of a number of recent analyst reports. Pivotal Research upped their target price on Charter Communications from $375.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Goldman Sachs Group upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research report on Thursday, June 28th. Macquarie reiterated a “buy” rating and set a $320.00 target price on shares of Charter Communications in a research report on Monday, June 25th. Buckingham Research upped their target price on Charter Communications from $397.00 to $418.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Citigroup cut their target price on Charter Communications from $410.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $363.62.

Charter Communications Profile

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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