Charter Communications, Inc. $CHTR Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in Charter Communications by 25.6% during Q2, owning 14,691 shares now worth approximately $6 million.
• Insider buying activity is notable, with Director Balan Nair and CEO Christopher L. Winfrey purchasing a combined total of over $1 million in shares at prices around $273 to $274 per share.
• Analysts have adjusted their target prices for Charter Communications, with the Royal Bank of Canada and Deutsche Bank both lowering theirs from $370 to $325 while maintaining a "hold" rating.

Vanguard Personalized Indexing Management LLC increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 25.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,691 shares of the company's stock after purchasing an additional 2,990 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Charter Communications were worth $6,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CHTR. Farther Finance Advisors LLC lifted its stake in Charter Communications by 61.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the company's stock valued at $185,000 after acquiring an additional 190 shares during the period. GAMMA Investing LLC lifted its stake in Charter Communications by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 2,328 shares of the company's stock valued at $858,000 after acquiring an additional 351 shares during the period. Simon Quick Advisors LLC acquired a new stake in Charter Communications during the 1st quarter valued at approximately $200,000. Fifth Third Bancorp lifted its stake in Charter Communications by 7.2% during the 1st quarter. Fifth Third Bancorp now owns 3,382 shares of the company's stock valued at $1,246,000 after acquiring an additional 227 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Charter Communications by 21.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after acquiring an additional 676 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair bought 360 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was acquired 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 directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher L. Winfrey bought 3,670 shares of the company's stock in a transaction dated 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 acquisition, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHTR. Royal Bank Of Canada decreased their price objective on shares of Charter Communications from $370.00 to $325.00 and set a "sector perform" rating for the company in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $370.00 to $325.00 and set a "hold" rating for the company in a research note on Monday, October 6th. Wells Fargo & Company started coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price for the company. The Goldman Sachs Group started coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They issued a "sell" rating and a $223.00 target price for the company. Finally, Sanford C. Bernstein decreased their target price on shares of Charter Communications from $380.00 to $350.00 and set an "outperform" rating for the company in a research note on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Charter Communications presently has an average rating of "Hold" and an average target price of $373.71.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $258.73 on Tuesday. 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 company has a fifty day moving average of $266.55 and a two-hundred day moving average of $338.13. The stock has a market capitalization of $35.34 billion, a PE ratio of 7.08, a P/E/G ratio of 0.59 and a beta of 1.05. Charter Communications, Inc. has a fifty-two week low of $251.80 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). The company had revenue of $13.77 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 business's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.49 earnings per share. As a group, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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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