Charter Communications, Inc. $CHTR Shares Purchased by State Street Corp

State Street Corp grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,486,312 shares of the company’s stock after purchasing an additional 198,979 shares during the period. State Street Corp owned approximately 4.75% of Charter Communications worth $2,651,669,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd raised its position in Charter Communications by 113.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after acquiring an additional 4,273 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Charter Communications by 11.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock valued at $15,552,000 after purchasing an additional 4,000 shares in the last quarter. WBI Investments LLC grew its stake in shares of Charter Communications by 74.9% in the 2nd quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after purchasing an additional 1,489 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Charter Communications by 25.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock worth $6,028,000 after purchasing an additional 2,990 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Charter Communications by 8.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after purchasing an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday. Barclays reduced their price objective 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. Bank of America decreased their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. The Goldman Sachs Group initiated coverage on Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price for the company. Finally, BNP Paribas Exane decreased their price target on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Reduce” and a consensus price target of $329.56.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $205.13 on Wednesday. The company’s fifty day moving average is $229.35 and its two-hundred day moving average is $293.94. The company has a market cap of $26.55 billion, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. Charter Communications, Inc. has a 12-month low of $193.00 and a 12-month high of $437.06. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The business had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.82 EPS. Equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.