Toronto Dominion Bank trimmed its stake in Charter Communications Inc (NASDAQ:CHTR) by 22.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,114 shares of the company’s stock after selling 33,600 shares during the period. Toronto Dominion Bank owned about 0.06% of Charter Communications worth $59,224,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CHTR. BDO Wealth Advisors LLC bought a new stake in shares of Charter Communications in the 1st quarter valued at about $32,000. Baystate Wealth Management LLC increased its position in Charter Communications by 360.0% during the 2nd quarter. Baystate Wealth Management LLC now owns 69 shares of the company’s stock valued at $35,000 after purchasing an additional 54 shares during the period. Hillsdale Investment Management Inc. bought a new position in Charter Communications during the 1st quarter worth approximately $39,000. San Francisco Sentry Investment Group CA raised its holdings in Charter Communications by 125.5% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 115 shares of the company’s stock worth $58,000 after purchasing an additional 64 shares during the last quarter. Finally, AGF Investments LLC acquired a new position in shares of Charter Communications in the 1st quarter worth approximately $68,000. 70.47% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on CHTR. Nomura raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $500.00 to $600.00 in a research note on Friday, July 10th. UBS Group upped their target price on Charter Communications from $575.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. BidaskClub cut Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Guggenheim increased their price target on Charter Communications from $570.00 to $620.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Raymond James boosted their target price on shares of Charter Communications from $550.00 to $650.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $619.17.

NASDAQ:CHTR traded up $7.54 during trading hours on Wednesday, hitting $630.09. 63,669 shares of the company traded hands, compared to its average volume of 845,404. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.13. The company has a market cap of $127.56 billion, a PE ratio of 60.06, a PEG ratio of 1.05 and a beta of 1.06. The firm’s 50-day simple moving average is $601.57 and its 200-day simple moving average is $525.49. Charter Communications Inc has a one year low of $345.67 and a one year high of $629.52.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 31st. The company reported $3.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $1.10. Charter Communications had a net margin of 4.85% and a return on equity of 6.05%. The company had revenue of $11.70 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Charter Communications Inc will post 12.84 EPS for the current year.

In other news, CMO Jonathan Hargis sold 5,805 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $522.10, for a total value of $3,030,790.50. Also, COO John Bickham sold 9,584 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $604.62, for a total value of $5,794,678.08. The disclosure for this sale can be found here. Insiders sold a total of 122,411 shares of company stock valued at $69,581,319 over the last ninety days. 1.18% of the stock is currently owned by insiders.

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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