LRI Investments LLC Has $80,000 Holdings in Charter Communications, Inc. $CHTR

LRI Investments LLC boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 124.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195 shares of the company’s stock after buying an additional 108 shares during the quarter. LRI Investments LLC’s holdings in Charter Communications were worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CHTR. Farther Finance Advisors LLC grew its position in shares of Charter Communications by 61.7% in the first quarter. Farther Finance Advisors LLC now owns 498 shares of the company’s stock valued at $185,000 after purchasing an additional 190 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Charter Communications by 17.8% in the first quarter. GAMMA Investing LLC now owns 2,328 shares of the company’s stock valued at $858,000 after purchasing an additional 351 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Charter Communications in the first quarter valued at approximately $200,000. Fifth Third Bancorp grew its position in shares of Charter Communications by 7.2% in the first quarter. Fifth Third Bancorp now owns 3,382 shares of the company’s stock valued at $1,246,000 after purchasing an additional 227 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock valued at $1,435,000 after purchasing an additional 676 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 0.3%

Shares of NASDAQ:CHTR opened at $258.73 on Tuesday. The company has a market capitalization of $35.34 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.59 and a beta of 1.05. Charter Communications, Inc. has a 1 year low of $251.80 and a 1 year high of $437.06. 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 simple moving average is $266.55 and its 200 day simple moving average is $338.13.

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

Insider Buying and Selling at Charter Communications

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

Analyst Ratings Changes

CHTR has been the topic of several research reports. Sanford C. Bernstein decreased their target price on Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 10th. KeyCorp decreased their target price on Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Citigroup started coverage on Charter Communications in a research report on Monday, October 6th. They issued a “buy” rating and a $325.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Finally, Arete Research raised Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $373.71.

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.