Cornerstone Capital Inc. Has $14.73 Million Stock Holdings in Charter Communications, Inc. $CHTR

Cornerstone Capital Inc. lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,023 shares of the company’s stock after purchasing an additional 4,333 shares during the quarter. Cornerstone Capital Inc.’s holdings in Charter Communications were worth $14,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after acquiring an additional 806,145 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Charter Communications by 48.8% in the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock worth $304,674,000 after purchasing an additional 244,324 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock worth $405,118,000 after buying an additional 198,444 shares during the last quarter. Nuveen LLC acquired a new position in Charter Communications during the first quarter valued at approximately $71,956,000. Finally, Invesco Ltd. grew its stake in shares of Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after buying an additional 120,624 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

CHTR has been the subject of a number of research analyst reports. UBS Group reduced their price target on Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Wells Fargo & Company dropped their price target on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Monday, November 3rd. The Goldman Sachs Group started coverage on Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, Bank of America dropped their price objective 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. Four 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 MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $329.56.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction 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 transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Charter Communications Price Performance

NASDAQ:CHTR opened at $199.08 on Tuesday. Charter Communications, Inc. has a 52 week low of $193.00 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50-day simple moving average is $244.09 and its 200 day simple moving average is $310.43. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 5.45, a P/E/G ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last announced its 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). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the company earned $8.82 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.