Parametric Portfolio Associates LLC Increases Stake in Charter Communications Inc (NASDAQ:CHTR)

Parametric Portfolio Associates LLC boosted its holdings in shares of Charter Communications Inc (NASDAQ:CHTR) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,466 shares of the company’s stock after buying an additional 39,187 shares during the quarter. Parametric Portfolio Associates LLC owned 0.22% of Charter Communications worth $189,475,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Charter Communications in the second quarter valued at $34,000. Rational Advisors LLC raised its position in Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. TCG Advisors LP purchased a new position in shares of Charter Communications in the 1st quarter valued at about $42,000. Ibex Wealth Advisors purchased a new position in shares of Charter Communications in the 2nd quarter valued at about $49,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Charter Communications during the second quarter worth about $66,000. 72.18% of the stock is owned by institutional investors.

NASDAQ CHTR traded up $3.77 during trading hours on Wednesday, hitting $425.11. The company had a trading volume of 38,974 shares, compared to its average volume of 1,119,192. The business has a 50 day moving average of $395.95 and a 200-day moving average of $379.15. The company has a market cap of $93.32 billion, a PE ratio of 81.49, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. Charter Communications Inc has a 1-year low of $272.91 and a 1-year high of $428.95. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same quarter last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts expect that Charter Communications Inc will post 6.73 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CHTR. Rosenblatt Securities reaffirmed a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a report on Monday, July 29th. Nomura increased their price objective on shares of Charter Communications from $350.00 to $380.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Pivotal Research restated a “buy” rating and issued a $500.00 price objective on shares of Charter Communications in a report on Friday, July 26th. Benchmark set a $422.00 price objective on shares of Charter Communications and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, TD Securities lowered their target price on shares of Charter Communications from $460.00 to $450.00 and set a “hold” rating for the company in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $415.21.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the business’s 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 completion of the sale, the director now owns 11,773 shares in the company, valued at $4,588,879.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lance Conn sold 927 shares of the 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 of the company’s stock, valued at $3,820,800. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

Charter Communications Company 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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