IFM Investors Pty Ltd increased its stake in Charter Communications Inc (NASDAQ:CHTR) by 10.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,029 shares of the company’s stock after buying an additional 1,128 shares during the period. IFM Investors Pty Ltd’s holdings in Charter Communications were worth $7,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baystate Wealth Management LLC increased its stake in shares of Charter Communications by 360.0% during the second quarter. Baystate Wealth Management LLC now owns 69 shares of the company’s stock valued at $35,000 after purchasing an additional 54 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Charter Communications during the first quarter valued at approximately $32,000. San Francisco Sentry Investment Group CA increased its stake in shares of Charter Communications by 125.5% during the second quarter. San Francisco Sentry Investment Group CA now owns 115 shares of the company’s stock valued at $58,000 after purchasing an additional 64 shares in the last quarter. CWM LLC increased its stake in shares of Charter Communications by 33.3% during the second quarter. CWM LLC now owns 144 shares of the company’s stock valued at $73,000 after purchasing an additional 36 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Charter Communications by 16.4% during the second quarter. Parkside Financial Bank & Trust now owns 185 shares of the company’s stock valued at $94,000 after purchasing an additional 26 shares in the last quarter. 70.47% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on CHTR shares. Goldman Sachs Group raised their price target on shares of Charter Communications from $625.00 to $671.00 in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Charter Communications from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Citigroup raised their price target on shares of Charter Communications from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada raised their price target on shares of Charter Communications from $510.00 to $570.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. Finally, Pivotal Research raised their price target on shares of Charter Communications from $730.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and a consensus price target of $632.46.

In other news, COO John Bickham sold 75,265 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $571.75, for a total transaction of $43,032,763.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Jonathan Hargis sold 6,375 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $580.00, for a total transaction of $3,697,500.00. Following the sale, the chief marketing officer now owns 34,682 shares in the company, valued at $20,115,560. The disclosure for this sale can be found here. Insiders have sold a total of 97,782 shares of company stock worth $56,565,326 in the last quarter. Corporate insiders own 1.18% of the company’s stock.

Shares of Charter Communications stock traded down $2.97 on Friday, hitting $633.92. 772,844 shares of the company’s stock were exchanged, compared to its average volume of 1,276,640. The company has a 50-day simple moving average of $620.04 and a 200-day simple moving average of $552.74. The stock has a market capitalization of $129.89 billion, a PE ratio of 60.32, a PEG ratio of 1.12 and a beta of 1.04. Charter Communications Inc has a 1 year low of $345.67 and a 1 year high of $663.70. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.52 and a current ratio of 0.52.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 31st. The company reported $3.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.53 by $1.10. The business had revenue of $11.70 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Charter Communications had a net margin of 4.85% and a return on equity of 6.05%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. On average, analysts expect that Charter Communications Inc will post 12.96 EPS for the current fiscal 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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