Orion Portfolio Solutions LLC Grows Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Orion Portfolio Solutions LLC boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 864 shares of the company’s stock after purchasing an additional 43 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Charter Communications were worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHTR. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Charter Communications by 74.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,101 shares of the company’s stock valued at $28,931,000 after purchasing an additional 17,138 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Charter Communications by 24.3% during the second quarter. Rockefeller Capital Management L.P. now owns 2,274 shares of the company’s stock worth $1,639,000 after acquiring an additional 444 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Charter Communications during the second quarter worth about $289,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Charter Communications by 17.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,436 shares of the company’s stock valued at $1,036,000 after acquiring an additional 217 shares during the period. Finally, AGF Investments Inc. lifted its holdings in Charter Communications by 58.4% in the second quarter. AGF Investments Inc. now owns 2,259 shares of the company’s stock valued at $1,630,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 69.18% of the company’s stock.

Several brokerages recently commented on CHTR. Wolfe Research cut Charter Communications from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $712.00 to $621.00 in a research report on Monday, January 3rd. KeyCorp lowered their price target on Charter Communications from $869.00 to $847.00 and set an “overweight” rating for the company in a report on Monday, December 20th. Wells Fargo & Company decreased their target price on Charter Communications from $665.00 to $603.00 and set an “underweight” rating on the stock in a research note on Monday, November 1st. TD Securities reduced their price target on Charter Communications from $870.00 to $860.00 and set a “buy” rating on the stock in a research report on Monday, November 1st. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $800.00 price target on shares of Charter Communications in a research report on Wednesday, December 15th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $776.00.

Shares of NASDAQ:CHTR opened at $607.69 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.97. Charter Communications, Inc. has a 12 month low of $585.45 and a 12 month high of $825.62. The stock has a market cap of $108.95 billion, a P/E ratio of 27.69, a P/E/G ratio of 0.55 and a beta of 0.95. The company has a 50 day moving average of $652.14 and a 200 day moving average of $712.87.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, October 28th. The company reported $6.50 EPS for the quarter, beating the Zacks’ consensus estimate of $5.71 by $0.79. The company had revenue of $13.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Charter Communications had a net margin of 8.40% and a return on equity of 16.19%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.90 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 22.61 earnings per share for the current fiscal year.

In other Charter Communications news, CEO Thomas Rutledge sold 43,106 shares of the business’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $674.34, for a total transaction of $29,068,100.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Charter Communications Profile

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

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

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