Charles Schwab Investment Management Inc. Purchases 28,506 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Charter Communications by 3.4% during the first quarter, owning approximately 876,427 shares worth around $322.99 million.
• Charter Communications reported a Q2 EPS of $9.18, missing analysts' estimates of $10.06, while its revenue slightly increased by 0.6% year-over-year to $13.77 billion.
• The stock has experienced volatility, with a one-year low of $256.03 and a high of $437.06, currently trading at $256.57, representing a 0.9% decline.

Charles Schwab Investment Management Inc. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 876,427 shares of the company's stock after purchasing an additional 28,506 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.62% of Charter Communications worth $322,990,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Makaira Partners LLC lifted its position in Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after purchasing an additional 14,510 shares in the last quarter. Private Trust Co. NA lifted its position in Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Charter Communications by 21.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after purchasing an additional 676 shares in the last quarter. Vontobel Holding Ltd. lifted its position in Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock valued at $608,000 after purchasing an additional 332 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Charter Communications by 20.3% during the first quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company's stock valued at $12,335,000 after purchasing an additional 5,642 shares in the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 1.7%

Shares of NASDAQ:CHTR traded up $4.33 during trading on Tuesday, hitting $263.10. The company had a trading volume of 1,644,976 shares, compared to its average volume of 1,480,154. The stock has a market cap of $35.94 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. Charter Communications, Inc. has a one year low of $254.67 and a one year high of $437.06. The company has a fifty day simple moving average of $365.61 and a two-hundred day simple moving average of $367.34. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33.

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 (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company 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%. Charter Communications's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $8.49 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHTR. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Citigroup boosted their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. UBS Group decreased their target price on Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Morgan Stanley lifted their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Finally, Royal Bank Of Canada dropped their price target on 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average price target of $410.59.

Insider Activity at Charter Communications

In other Charter Communications news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Christopher L. Winfrey purchased 3,670 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is owned by company insiders.

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.