Charter Communications, Inc. $CHTR Shares Bought by NBC Securities Inc.

Key Points

• NBC Securities Inc. significantly increased its stake in Charter Communications by acquiring an additional 5,730 shares, raising its ownership by 4,441.9% during the second quarter.
• Charter Communications reported a missed earnings estimate of $9.18 EPS for the quarter, falling short of the $10.06 consensus, despite a slight revenue increase to $13.77 billion.
• Institutional investors hold 81.76% of Charter Communications' stock, indicating strong institutional interest in the company amidst mixed analyst ratings.

NBC Securities Inc. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4,441.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,859 shares of the company's stock after acquiring an additional 5,730 shares during the quarter. NBC Securities Inc.'s holdings in Charter Communications were worth $2,395,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Charter Communications by 1.5% in the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company's stock valued at $3,018,909,000 after acquiring an additional 120,303 shares during the period. JPMorgan Chase & Co. lifted its holdings in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock valued at $851,331,000 after acquiring an additional 806,145 shares during the period. Invesco Ltd. raised its stake in shares of Charter Communications by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock worth $676,181,000 after buying an additional 120,624 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Charter Communications by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company's stock worth $472,941,000 after buying an additional 19,594 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock worth $405,118,000 after buying an additional 198,444 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Balan Nair bought 360 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the business's stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the transaction, the chief executive officer owned 70,243 shares of the company's stock, valued at $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. 0.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHTR shares. Sanford C. Bernstein reduced their target price on Charter Communications from $380.00 to $350.00 and set an "outperform" rating for the company in a research note on Wednesday, September 10th. Barclays reduced their price objective on Charter Communications from $341.00 to $275.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. Bank of America increased their price objective on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Arete Research raised Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Finally, UBS Group reduced their price objective on Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $392.94.

Charter Communications Trading Down 2.2%

Charter Communications stock traded down $5.85 during midday trading on Thursday, reaching $262.17. 1,831,647 shares of the stock traded hands, compared to its average volume of 1,529,921. The company has a 50-day simple moving average of $294.37 and a two-hundred day simple moving average of $350.46. Charter Communications, Inc. has a 12-month low of $251.80 and a 12-month high of $437.06. The firm has a market cap of $35.81 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

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

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.