WBI Investments LLC Has $1.42 Million Stock Holdings in Charter Communications, Inc. $CHTR

WBI Investments LLC increased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 74.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,478 shares of the company’s stock after purchasing an additional 1,489 shares during the period. WBI Investments LLC’s holdings in Charter Communications were worth $1,422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its position in Charter Communications by 7.4% in the 1st quarter. CWM LLC now owns 1,934 shares of the company’s stock valued at $713,000 after purchasing an additional 133 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Charter Communications by 93.2% in 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 during the last quarter. Larson Financial Group LLC raised its holdings in shares of Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after acquiring an additional 40 shares during the last quarter. Allianz Asset Management GmbH lifted its position in 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 acquiring an additional 148,569 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in Charter Communications by 22.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 871 shares of the company’s stock valued at $336,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $201.84 on Tuesday. The company has a market capitalization of $26.12 billion, a P/E ratio of 5.53, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. The company’s 50-day moving average is $250.54 and its 200 day moving average is $317.46. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a fifty-two week low of $199.31 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). The company had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $8.82 EPS. On average, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Activity

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications 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 owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CHTR shares. Wells Fargo & Company cut their target price on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Citigroup cut their price objective on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings downgraded shares of Charter Communications from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, November 11th. Royal Bank Of Canada dropped their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Finally, BNP Paribas Exane reduced their price objective on shares of 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 research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $329.56.

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.