Reaves W H & Co. Inc. Increases Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Reaves W H & Co. Inc. increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,153 shares of the company’s stock after buying an additional 17,000 shares during the period. Charter Communications comprises 1.3% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 29th largest holding. Reaves W H & Co. Inc.’s holdings in Charter Communications were worth $51,282,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CHTR. Price T Rowe Associates Inc. MD increased its stake in Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after buying an additional 1,126,783 shares during the period. GAMMA Investing LLC increased its position in shares of Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock valued at $316,176,000 after purchasing an additional 855,961 shares during the last quarter. LSV Asset Management increased its position in shares of Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after purchasing an additional 175,205 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock valued at $308,795,000 after purchasing an additional 161,547 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Charter Communications by 42.2% in the 1st quarter. Allianz Asset Management GmbH now owns 500,947 shares of the company’s stock valued at $184,614,000 after purchasing an additional 148,569 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Loop Capital raised shares of Charter Communications from a “hold” rating to a “buy” rating and increased their price objective for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Citigroup increased their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Bank of America increased their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, July 1st. Finally, Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a research report on Friday, May 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and a consensus target price of $410.59.

Charter Communications Trading Down 1.1%

Shares of Charter Communications stock opened at $261.75 on Tuesday. The stock has a market cap of $35.75 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.59 and a beta of 1.02. The company has a fifty day simple moving average of $379.61 and a 200-day simple moving average of $370.70. 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, Inc. has a 12-month low of $260.76 and a 12-month high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.49 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair purchased 360 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares in the company, 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 corporate insiders.

Charter Communications Company 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.