Vontobel Holding Ltd. Boosts Stock Holdings in Charter Communications, Inc. $CHTR

Vontobel Holding Ltd. increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 36.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,243 shares of the company’s stock after purchasing an additional 594 shares during the period. Vontobel Holding Ltd.’s holdings in Charter Communications were worth $917,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Charter Communications

In other news, CEO Christopher L. Winfrey purchased 3,670 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased 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 of the company’s stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Balan Nair purchased 360 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director directly 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 disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of analyst reports. Bank of America decreased 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 decreased their price target on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. Sanford C. Bernstein decreased their price target on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Charter Communications in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $373.71.

Charter Communications Stock Performance

Shares of CHTR stock opened at $259.49 on Monday. The company’s fifty day simple moving average is $266.61 and its 200-day simple moving average is $338.90. Charter Communications, Inc. has a 52 week low of $251.80 and a 52 week high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market cap of $35.44 billion, a PE ratio of 7.11, a P/E/G ratio of 0.59 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 business had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the business posted $8.49 EPS. The business’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current 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.