Baxter Bros Inc. Has $766,000 Stock Holdings in Charter Communications, Inc. $CHTR

Baxter Bros Inc. cut its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 8.4% in the second quarter, Holdings Channel.com reports. The fund owned 1,873 shares of the company’s stock after selling 172 shares during the quarter. Baxter Bros Inc.’s holdings in Charter Communications were worth $766,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its stake in shares of Charter Communications by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock worth $1,153,000 after buying an additional 25 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Charter Communications by 10.5% in the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after buying an additional 27 shares during the last quarter. Hemington Wealth Management lifted its stake in shares of Charter Communications by 24.3% in the first quarter. Hemington Wealth Management now owns 143 shares of the company’s stock worth $52,000 after buying an additional 28 shares during the last quarter. Cooper Financial Group lifted its stake in shares of Charter Communications by 2.3% in the second quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock worth $515,000 after buying an additional 28 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Charter Communications by 1.1% in the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock worth $997,000 after buying an additional 29 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.8%

Shares of Charter Communications stock opened at $274.37 on Thursday. The firm has a market capitalization of $37.48 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. 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’s fifty day moving average price is $266.80 and its two-hundred day moving average price is $341.01. Charter Communications, Inc. has a 52-week low of $251.80 and a 52-week high of $437.06.

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

Insider Buying and Selling at Charter Communications

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHTR shares. Wolfe Research upgraded shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. UBS Group reduced their price objective 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. Bank of America dropped their target price on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Royal Bank Of Canada dropped their target price on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Barclays dropped their target price on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $373.71.

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.