Charter Communications, Inc. $CHTR Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,022 shares of the company’s stock after acquiring an additional 537 shares during the period. Sequoia Financial Advisors LLC’s holdings in Charter Communications were worth $1,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. SouthState Corp acquired a new stake in shares of Charter Communications during the 1st quarter worth about $25,000. Salem Investment Counselors Inc. raised its position in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Charter Communications during the 2nd quarter worth about $28,000. SBI Securities Co. Ltd. raised its position in shares of Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 0.9%

Shares of CHTR stock opened at $253.16 on Friday. The business’s 50 day moving average is $266.47 and its two-hundred day moving average is $335.53. Charter Communications, Inc. has a twelve month low of $251.23 and a twelve month high of $437.06. The company has a market capitalization of $34.58 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.05. 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) last announced 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). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter last year, the business posted $8.49 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Buying and Selling

In other Charter Communications news, 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 purchased at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Balan Nair purchased 360 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on CHTR shares. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a research report on Monday, October 6th. The Goldman Sachs Group started coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Barclays cut their price target on Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Finally, Arete Research raised Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus target price of $373.71.

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.