WBI Investments LLC Makes New $733,000 Investment in Charter Communications, Inc. $CHTR

Key Points

• WBI Investments LLC has invested approximately $733,000 in Charter Communications by purchasing 1,989 shares during the first quarter, highlighting renewed interest from institutional investors in the stock.
• Despite recent investment activity, Charter Communications reported earnings per share of $9.18 for the last quarter, falling short of the consensus estimate of $10.06.
• Charter Communications has seen its stock rated variously as "Buy", "Hold", and "Sell" by analysts, with a consensus price target of $392.94, indicating mixed market sentiment.

WBI Investments LLC bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,989 shares of the company's stock, valued at approximately $733,000.

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

Charter Communications Stock Down 0.1%

Shares of NASDAQ:CHTR opened at $263.00 on Thursday. The firm's 50 day moving average price is $309.15 and its 200 day moving average price is $353.79. The stock has a market cap of $35.92 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. Charter Communications, Inc. has a fifty-two week low of $251.80 and a fifty-two week high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results 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). The firm had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm's revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $8.49 EPS. As a group, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Activity at Charter Communications

In related news, Director Balan Nair acquired 360 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought 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 owned 9,622 shares in the company, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at $19,183,363.30. This 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.

Analyst Ratings Changes

Several research firms have recently commented on CHTR. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective for the company in a research note on Friday, May 16th. Arete Research raised shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Wells Fargo & Company began coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 price objective for the company. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Bank of America raised their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $392.94.

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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