Charter Communications, Inc. $CHTR Shares Acquired by Aspiriant LLC

Aspiriant LLC boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 9.4% during the second quarter, Holdings Channel.com reports. The fund owned 1,234 shares of the company’s stock after purchasing an additional 106 shares during the quarter. Aspiriant LLC’s holdings in Charter Communications were worth $504,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its position in shares of Charter Communications by 25.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after purchasing an additional 2,990 shares during the period. Fulton Breakefield Broenniman LLC purchased a new position in Charter Communications in the 2nd quarter valued at about $789,000. Caledonia Investments PLC boosted its holdings in Charter Communications by 8.3% in the 2nd quarter. Caledonia Investments PLC now owns 153,200 shares of the company’s stock worth $62,628,000 after buying an additional 11,800 shares during the last quarter. WBI Investments LLC acquired a new stake in Charter Communications in the 1st quarter worth about $733,000. Finally, Private Trust Co. NA increased its stake in Charter Communications by 69.5% during 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. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Charter Communications news, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the transaction, the director directly owned 9,622 shares of the company’s stock, 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 document filed with the SEC, which is available at this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This trade represents a 5.51% 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 Down 0.9%

Shares of CHTR stock opened at $253.16 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a twelve month low of $251.23 and a twelve month high of $437.06. The company’s 50-day moving average price is $266.47 and its 200-day moving average price is $335.23. The stock has a market cap of $34.58 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.58 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). The firm had revenue of $13.77 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $8.49 earnings per share. As a group, equities analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHTR. Barclays decreased 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. Bank of America decreased their price objective on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. The Goldman Sachs Group initiated coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price for the company. KeyCorp decreased their price target on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein dropped their price objective on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.