Boston Partners Invests $45.81 Million in Charter Communications, Inc. $CHTR

Boston Partners bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 112,059 shares of the company’s stock, valued at approximately $45,811,000. Boston Partners owned approximately 0.08% of Charter Communications at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. Gamco Investors INC. ET AL boosted its stake in Charter Communications by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock valued at $1,153,000 after acquiring an additional 25 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Charter Communications by 10.5% in the 1st quarter. Allworth Financial LP now owns 283 shares of the company’s stock valued at $104,000 after purchasing an additional 27 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Charter Communications by 24.3% in the 1st quarter. Hemington Wealth Management now owns 143 shares of the company’s stock valued at $52,000 after purchasing an additional 28 shares during the last quarter. Cooper Financial Group boosted its position in shares of Charter Communications by 2.3% in the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after purchasing an additional 28 shares during the period. Finally, Diversified Trust Co grew its stake in Charter Communications by 3.5% during the 2nd quarter. Diversified Trust Co now owns 880 shares of the company’s stock worth $360,000 after buying an additional 30 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Up 1.8%

CHTR stock opened at $213.07 on Thursday. The stock has a market capitalization of $27.57 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. The company has a fifty day moving average of $254.04 and a 200-day moving average of $321.73. 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 $207.75 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $8.82 earnings per share. As a group, analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Activity

In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHTR. UBS Group reduced their price objective on Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company reduced their price target on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group began coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $329.56.

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.