Aptus Capital Advisors LLC Purchases 1,627 Shares of Charter Communications, Inc. $CHTR

Key Points

• Aptus Capital Advisors LLC has significantly increased its stake in Charter Communications by 135.9%, raising its holdings to 2,824 shares valued at over $1 million.
• Charter Communications recently posted earnings of $9.18 per share, below analyst expectations, despite reporting a slight revenue increase year-over-year.
• Institutional investors own 81.76% of Charter Communications' stock, with multiple funds like Vanguard and JPMorgan Chase also increasing their positions in the company's shares.

Aptus Capital Advisors LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 135.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,824 shares of the company's stock after buying an additional 1,627 shares during the quarter. Aptus Capital Advisors LLC's holdings in Charter Communications were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Makaira Partners LLC lifted its stake in shares of Charter Communications by 4.0% in the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after buying an additional 14,510 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Charter Communications by 69.5% in the first 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 last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Charter Communications by 21.0% in the first 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 last quarter. Vontobel Holding Ltd. lifted its stake in shares of Charter Communications by 25.2% in the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock worth $608,000 after buying an additional 332 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Charter Communications by 20.3% in the first quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company's stock worth $12,335,000 after buying an additional 5,642 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CHTR shares. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Bank of America upped their target price on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research note on Friday, May 16th. Finally, Royal Bank Of Canada cut their target price on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research note on Monday, July 28th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $404.71.

Charter Communications Stock Performance

Charter Communications stock traded up $2.48 on Wednesday, hitting $269.15. The company's stock had a trading volume of 1,472,065 shares, compared to its average volume of 2,179,596. The firm has a market cap of $36.76 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. 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 company has a fifty day moving average price of $336.38 and a 200-day moving average price of $360.32. Charter Communications, Inc. has a one year low of $254.67 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The business had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $8.49 EPS. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Director Balan Nair purchased 360 shares of the stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $274.21 per share, with a total value of $98,715.60. Following the acquisition, the director directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This represents a 3.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction on Thursday, July 31st. The stock was 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 directly owned 70,243 shares in the company, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

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.