United Capital Financial Advisers LLC grew its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,574 shares of the company’s stock after acquiring an additional 135 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Charter Communications were worth $1,017,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Charter Communications by 41.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 153,034 shares of the company’s stock valued at $53,087,000 after acquiring an additional 44,742 shares during the period. Barings LLC lifted its holdings in Charter Communications by 98.2% in the first quarter. Barings LLC now owns 5,086 shares of the company’s stock worth $1,765,000 after purchasing an additional 2,520 shares during the period. First National Bank of Omaha acquired a new stake in Charter Communications in the second quarter worth about $205,000. Allen Investment Management LLC lifted its holdings in Charter Communications by 3.4% in the second quarter. Allen Investment Management LLC now owns 461,056 shares of the company’s stock worth $182,200,000 after purchasing an additional 15,246 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Charter Communications in the first quarter worth about $235,000. 72.14% of the stock is owned by institutional investors.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the sale, the director now directly 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 this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

NASDAQ CHTR traded down $7.07 on Friday, reaching $420.35. The company’s stock had a trading volume of 1,246,868 shares, compared to its average volume of 1,002,015. Charter Communications Inc has a twelve month low of $272.91 and a twelve month high of $431.43. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $94.22 billion, a PE ratio of 80.53, a PEG ratio of 1.54 and a beta of 1.22. The firm’s 50 day moving average is $400.39 and its two-hundred day moving average is $382.60.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results 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 analyst estimates of $11.40 billion. During the same period in the previous year, the company posted $1.15 earnings per share. Charter Communications’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications Inc will post 6.58 EPS for the current fiscal year.

Several equities research analysts recently weighed in on CHTR shares. Bank of America reaffirmed a “buy” rating and issued a $450.00 price objective (up previously from $425.00) on shares of Charter Communications in a report on Tuesday, July 30th. Pivotal Research reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Charter Communications in a report on Friday, July 26th. Morgan Stanley upped their price objective on shares of Charter Communications from $420.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Guggenheim upped their price objective on shares of Charter Communications from $440.00 to $488.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Nomura upped their price objective on shares of Charter Communications from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $418.85.

Charter Communications Profile

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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