Russell Investments Group Ltd. Purchases 4,112 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Russell Investments Group Ltd. boosted its position in Charter Communications, Inc. (NASDAQ:CHTR) by 2.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,887 shares of the company’s stock after purchasing an additional 4,112 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Charter Communications worth $60,402,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Charter Communications by 5.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 27,829 shares of the company’s stock worth $9,539,000 after acquiring an additional 1,371 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth about $14,870,000. Townsquare Capital LLC grew its stake in shares of Charter Communications by 66.1% during the fourth quarter. Townsquare Capital LLC now owns 2,858 shares of the company’s stock worth $979,000 after acquiring an additional 1,137 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Charter Communications during the fourth quarter worth about $241,000. Finally, Summit Investment Advisors Inc. grew its stake in shares of Charter Communications by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,467 shares of the company’s stock worth $1,874,000 after acquiring an additional 188 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charter Communications

In other news, Director Balan Nair acquired 360 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director owned 9,622 shares in the company, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the purchase, the chief executive officer directly owned 70,243 shares in the company, valued at approximately $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $380.00 price target on the stock in a research note on Monday, July 28th. Wells Fargo & Company upped their target price on Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Barclays dropped their target price on Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Loop Capital upgraded Charter Communications from a “hold” rating to a “buy” rating and upped their target price for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Finally, Oppenheimer upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research report on Friday, May 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $410.59.

Charter Communications Trading Up 2.2%

Shares of NASDAQ:CHTR opened at $269.00 on Thursday. Charter Communications, Inc. has a 1 year low of $254.67 and a 1 year high of $437.06. The firm has a market capitalization of $36.74 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50 day moving average price is $360.66 and its 200-day moving average price is $365.94.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period in the prior year, the company posted $8.49 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share 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.