Magnus Financial Group LLC bought a new stake in Charter Communications Inc (NASDAQ:CHTR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 554 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its stake in Charter Communications by 3,830.0% in the second quarter. Meeder Asset Management Inc. now owns 393 shares of the company’s stock valued at $155,000 after buying an additional 383 shares in the last quarter. Institute for Wealth Management LLC. increased its position in shares of Charter Communications by 11.4% during the second quarter. Institute for Wealth Management LLC. now owns 1,175 shares of the company’s stock worth $464,000 after purchasing an additional 120 shares in the last quarter. Whitener Capital Management Inc. increased its position in shares of Charter Communications by 16.8% during the second quarter. Whitener Capital Management Inc. now owns 209 shares of the company’s stock worth $82,000 after purchasing an additional 30 shares in the last quarter. Clarius Group LLC increased its position in shares of Charter Communications by 7.4% during the second quarter. Clarius Group LLC now owns 1,027 shares of the company’s stock worth $406,000 after purchasing an additional 71 shares in the last quarter. Finally, Employers Holdings Inc. acquired a new stake in shares of Charter Communications during the second quarter worth about $126,000. Hedge funds and other institutional investors own 72.14% of the company’s stock.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of Charter Communications stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, the director now owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance Conn sold 927 shares of Charter Communications stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the sale, the director now directly owns 9,552 shares in the company, valued at approximately $3,820,800. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

A number of analysts have recently commented on the company. Credit Suisse Group lifted their target price on Charter Communications from $370.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Bank of America reiterated a “buy” rating and set a $450.00 target price (up previously from $425.00) on shares of Charter Communications in a research report on Tuesday, July 30th. Rosenblatt Securities reiterated a “buy” rating and set a $480.00 target price on shares of Charter Communications in a research report on Monday, July 29th. UBS Group lifted their target price on Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Pivotal Research reiterated a “buy” rating and set a $500.00 target price on shares of Charter Communications in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Hold” and an average target price of $416.06.

CHTR stock traded up $0.71 during trading on Wednesday, hitting $392.26. The company had a trading volume of 17,877 shares, compared to its average volume of 1,374,801. The firm has a market cap of $85.16 billion, a PE ratio of 75.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23. Charter Communications Inc has a 1-year low of $272.91 and a 1-year high of $417.13. The firm has a 50-day moving average price of $395.88 and a 200-day moving average price of $372.47. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same period in the prior year, the firm posted $1.15 EPS. Charter Communications’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Charter Communications Inc will post 6.91 earnings per share for the current year.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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