1,186 Shares in Charter Communications, Inc. $CHTR Bought by New Wave Wealth Advisors LLC

Key Points

• New Wave Wealth Advisors LLC acquired 1,186 shares of Charter Communications, valued at approximately $485,000, signaling interest in the stock during the 2nd quarter.
• Various large investors, including Caledonia Investments PLC and Private Trust Co. NA, have made significant moves by purchasing or increasing their shareholdings in Charter Communications.
• Analyst ratings for Charter Communications show a consensus of "Hold" with eight analysts rating it as a Buy, indicating mixed sentiment among industry professionals.

New Wave Wealth Advisors LLC bought a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,186 shares of the company's stock, valued at approximately $485,000.

Other large investors have also made changes to their positions in the company. WBI Investments LLC purchased a new position in shares of Charter Communications in the 1st quarter worth $733,000. Caledonia Investments PLC raised its position in shares of 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 period. Private Trust Co. NA raised its position in shares of Charter Communications by 69.5% in 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 during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Charter Communications by 21.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock worth $1,435,000 after buying an additional 676 shares during the period. Finally, Elser Financial Planning Inc purchased a new position in shares of Charter Communications in the 2nd quarter worth $392,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CHTR. The Goldman Sachs Group began coverage on Charter Communications in a report on Tuesday, September 2nd. They issued a "sell" rating and a $223.00 price target for the company. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Sanford C. Bernstein lowered their price target on Charter Communications from $380.00 to $350.00 and set an "outperform" rating for the company in a report on Wednesday, September 10th. UBS Group lowered 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. Finally, Royal Bank Of Canada lowered their price target on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a report on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $389.88.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $275.10 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm's 50-day moving average price is $270.11 and its two-hundred day moving average price is $343.81. Charter Communications, Inc. has a 52-week low of $251.80 and a 52-week high of $437.06. The stock has a market capitalization of $37.58 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the business earned $8.49 EPS. The business's revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling

In other Charter Communications news, Director Balan Nair purchased 360 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average price 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 in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the business's 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 acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. The trade was a 5.51% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

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.

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