2,763 Shares in Charter Communications, Inc. $CHTR Purchased by Scotia Capital Inc.

Scotia Capital Inc. acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,763 shares of the company’s stock, valued at approximately $1,130,000.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of Charter Communications by 3.5% during the 2nd quarter. Hsbc Holdings PLC now owns 148,454 shares of the company’s stock valued at $60,596,000 after acquiring an additional 5,072 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Charter Communications by 13.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,230 shares of the company’s stock valued at $503,000 after purchasing an additional 147 shares during the last quarter. Groupama Asset Managment bought a new position in Charter Communications during the second quarter valued at $1,329,000. Korea Investment CORP increased its position in Charter Communications by 12.0% in the second quarter. Korea Investment CORP now owns 74,512 shares of the company’s stock worth $30,461,000 after buying an additional 7,972 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Charter Communications in the second quarter valued at $221,000. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays cut their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective on the stock. Benchmark cut their target price on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $329.56.

Charter Communications Stock Down 1.6%

Shares of NASDAQ CHTR opened at $196.94 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market cap of $25.49 billion, a P/E ratio of 5.39, a P/E/G ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a 52 week low of $193.00 and a 52 week high of $437.06. The business has a 50-day simple moving average of $237.61 and a two-hundred day simple moving average of $303.02.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the company posted $8.82 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the sale, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

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.