Charter Communications, Inc. $CHTR Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,156 shares of the company’s stock after selling 1,152 shares during the period. Wealthfront Advisers LLC’s holdings in Charter Communications were worth $9,058,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Charter Communications by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock valued at $3,018,909,000 after purchasing an additional 120,303 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after purchasing an additional 806,145 shares in the last quarter. Invesco Ltd. raised its position in shares of Charter Communications by 7.0% in the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after purchasing an additional 120,624 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Charter Communications by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock valued at $472,941,000 after purchasing an additional 19,594 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Charter Communications by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after purchasing an additional 198,444 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CHTR shares. Wells Fargo & Company assumed coverage on Charter Communications in a research report on Thursday, August 21st. They set an “equal weight” rating and a $300.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a research report on Monday, October 6th. Citigroup assumed coverage on Charter Communications in a research report on Monday, October 6th. They set a “buy” rating and a $325.00 price target on the stock. The Goldman Sachs Group assumed coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price target on the stock. Finally, Sanford C. Bernstein dropped their price target 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. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $373.71.

Charter Communications Price Performance

Shares of CHTR opened at $245.44 on Tuesday. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a one year low of $243.44 and a one year high of $437.06. The stock’s fifty day moving average is $264.34 and its 200-day moving average is $331.32.

Charter Communications (NASDAQ:CHTR) last issued its quarterly 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 business had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. Charter Communications’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $8.49 earnings per share. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair purchased 360 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

About Charter Communications

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.