Cetera Investment Advisers Grows Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Cetera Investment Advisers increased its stake in Charter Communications by 50.9%, owning a total of 6,560 shares valued at approximately $2.42 million after acquiring additional shares in the first quarter.
• Several institutional investors, such as ST Germain D J Co. Inc. and SBI Securities Co. Ltd., have also significantly increased their holdings in Charter Communications during the same period.
• Wall Street analysts have mixed ratings on Charter Communications, with a current consensus rating of "Hold" and an average price target of $410.59, reflecting varying expectations for the company's future performance.

Cetera Investment Advisers grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 50.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,560 shares of the company's stock after purchasing an additional 2,212 shares during the period. Cetera Investment Advisers' holdings in Charter Communications were worth $2,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CHTR. ST Germain D J Co. Inc. lifted its holdings in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after acquiring an additional 41 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Charter Communications by 70.2% during the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after acquiring an additional 40 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Charter Communications during the first quarter valued at $47,000. Finally, Private Trust Co. NA raised its stake in Charter Communications by 69.5% during 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. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Down 0.9%

Charter Communications stock traded down $2.21 during midday trading on Friday, hitting $256.57. 1,782,047 shares of the company's stock were exchanged, compared to its average volume of 2,646,453. 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 12 month low of $256.03 and a 12 month high of $437.06. The firm has a 50-day moving average of $368.33 and a two-hundred day moving average of $368.04. The company has a market cap of $35.05 billion, a PE ratio of 7.03, a P/E/G ratio of 0.57 and a beta of 1.02.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the company earned $8.49 earnings per share. The firm's revenue was up .6% on a year-over-year basis. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Citigroup raised their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a report on Friday, May 16th. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price objective on the stock in a research report on Monday, July 28th. Finally, Arete Research raised shares of Charter Communications to a "strong sell" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $410.59.

Insider Activity at Charter Communications

In related news, Director Balan Nair acquired 360 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This trade represents a 3.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher L. Winfrey purchased 3,670 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the transaction, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The disclosure for this purchase can be found here. Company 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.