WealthTrust Asset Management LLC Buys New Position in Charter Communications, Inc. $CHTR

WealthTrust Asset Management LLC bought a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,178 shares of the company’s stock, valued at approximately $890,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd boosted its position in shares of Charter Communications by 113.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock valued at $3,283,000 after purchasing an additional 4,273 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Charter Communications by 11.8% in the second quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock valued at $15,552,000 after buying an additional 4,000 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Charter Communications by 25.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock worth $6,028,000 after buying an additional 2,990 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Charter Communications by 8.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after buying an additional 2,560 shares during the period. Finally, First Pacific Advisors LP increased its stake in shares of Charter Communications by 1.2% in the 2nd quarter. First Pacific Advisors LP now owns 626,508 shares of the company’s stock valued at $256,123,000 after acquiring an additional 7,499 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings cut shares of Charter Communications from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Citigroup decreased their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Bank of America cut their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $329.56.

Insider Buying and Selling

In other news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.83% of the company’s stock.

Charter Communications Stock Down 0.8%

CHTR stock opened at $203.10 on Friday. The firm has a market capitalization of $26.28 billion, a PE ratio of 5.56, a P/E/G ratio of 0.55 and a beta of 1.04. 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, Inc. has a twelve month low of $199.31 and a twelve month high of $437.06. The stock’s 50 day moving average is $251.78 and its 200-day moving average is $319.72.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the company posted $8.82 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Profile

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.