Boston Trust Walden Corp Sells 491 Shares of Charter Communications, Inc. $CHTR

Boston Trust Walden Corp lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,900 shares of the company’s stock after selling 491 shares during the period. Boston Trust Walden Corp’s holdings in Charter Communications were worth $8,953,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CHTR. Farther Finance Advisors LLC boosted its holdings in shares of Charter Communications by 61.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the company’s stock valued at $185,000 after buying an additional 190 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Charter Communications by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 2,328 shares of the company’s stock valued at $858,000 after buying an additional 351 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Charter Communications by 21.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company’s stock valued at $1,435,000 after buying an additional 676 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Charter Communications by 6.3% during the 1st quarter. Ritholtz Wealth Management now owns 3,514 shares of the company’s stock valued at $1,295,000 after buying an additional 209 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Charter Communications by 27.2% during the 1st quarter. Sagespring Wealth Partners LLC now owns 893 shares of the company’s stock valued at $329,000 after buying an additional 191 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director directly owned 9,622 shares of the company’s stock, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the transaction, the chief executive officer directly owned 70,243 shares in the company, valued at approximately $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHTR shares. UBS Group dropped their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Wolfe Research upgraded shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Charter Communications in a research note on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target on the stock. Finally, Sanford C. Bernstein dropped their price target on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $373.71.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $266.25 on Wednesday. Charter Communications, Inc. has a fifty-two week low of $251.80 and a fifty-two week high of $437.06. The business has a 50-day simple moving average of $266.55 and a two-hundred day simple moving average of $337.63. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $36.37 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the firm posted $8.49 EPS. Charter Communications’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.