V Square Quantitative Management LLC Grows Stock Position in Charter Communications, Inc. $CHTR

V Square Quantitative Management LLC increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,347 shares of the company’s stock after purchasing an additional 37 shares during the quarter. V Square Quantitative Management LLC’s holdings in Charter Communications were worth $959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WBI Investments LLC purchased a new stake in shares of Charter Communications in the 1st quarter worth about $733,000. Private Trust Co. NA boosted its position in shares of Charter Communications by 69.5% in the 1st quarter. Private Trust Co. NA now owns 161 shares of the company’s stock worth $59,000 after buying an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Charter Communications by 21.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock worth $1,435,000 after buying an additional 676 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Charter Communications in the 2nd quarter worth about $466,000. Finally, Czech National Bank boosted its position in shares of Charter Communications by 5.2% in the 2nd quarter. Czech National Bank now owns 23,330 shares of the company’s stock worth $9,538,000 after buying an additional 1,160 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Sanford C. Bernstein decreased their price objective on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 10th. The Goldman Sachs Group began coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 target price for the company. UBS Group cut their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Wolfe Research raised shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. Finally, Wells Fargo & Company began coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 target price for the company. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $389.88.

Insider Transactions at Charter Communications

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

Charter Communications Trading Up 1.0%

NASDAQ CHTR opened at $276.12 on Tuesday. Charter Communications, Inc. has a 12 month low of $251.80 and a 12 month high of $437.06. The company has a 50-day moving average of $274.98 and a 200-day moving average of $344.77. 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 company has a market cap of $37.72 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.61 and a beta of 1.02.

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

Charter Communications Company 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.