TD Asset Management Inc Sells 4,958 Shares of Charter Communications, Inc. $CHTR

TD Asset Management Inc lowered its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,703 shares of the company's stock after selling 4,958 shares during the period. TD Asset Management Inc owned 0.11% of Charter Communications worth $62,427,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of 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 buying an additional 806,145 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Charter Communications by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock valued at $405,118,000 after acquiring an additional 198,444 shares in the last quarter. Nuveen LLC bought a new position in shares of Charter Communications in the first quarter worth about $71,956,000. Allianz Asset Management GmbH lifted its position in shares of Charter Communications by 42.2% during the first quarter. Allianz Asset Management GmbH now owns 500,947 shares of the company's stock worth $184,614,000 after purchasing an additional 148,569 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Charter Communications by 7.0% during the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock valued at $676,181,000 after purchasing an additional 120,624 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock opened at $264.56 on Thursday. The stock has a market cap of $36.14 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The stock has a 50-day moving average of $266.60 and a 200-day moving average of $337.12. 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, Inc. has a one year low of $251.80 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share 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 firm had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the previous year, the business earned $8.49 EPS. The firm's revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on CHTR shares. UBS Group reduced their price objective on Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Citigroup assumed coverage on Charter Communications in a report on Monday, October 6th. They issued a "buy" rating and a $325.00 price target on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Charter Communications in a research report on Wednesday, October 8th. Wells Fargo & Company started coverage on shares of Charter Communications in a research report on Thursday, August 21st. They set an "equal weight" rating and a $300.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charter Communications from $370.00 to $325.00 and set a "hold" rating for the company in a research report on Monday, October 6th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $373.71.

Insiders Place Their Bets

In other news, CEO Christopher L. Winfrey acquired 3,670 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were acquired at an average price 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 of the company's stock, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate insiders.

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.

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