Aspiriant LLC Grows Stake in Charter Communications, Inc. $CHTR

Aspiriant LLC grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,234 shares of the company’s stock after purchasing an additional 106 shares during the period. Aspiriant LLC’s holdings in Charter Communications were worth $504,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CHTR. Vanguard Personalized Indexing Management LLC boosted its holdings in Charter Communications by 25.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock worth $6,028,000 after acquiring an additional 2,990 shares in the last quarter. Fulton Breakefield Broenniman LLC purchased a new position in shares of Charter Communications in the 2nd quarter valued at approximately $789,000. Caledonia Investments PLC boosted its stake in Charter Communications by 8.3% in the 2nd quarter. Caledonia Investments PLC now owns 153,200 shares of the company’s stock worth $62,628,000 after purchasing an additional 11,800 shares in the last quarter. WBI Investments LLC purchased a new stake in Charter Communications during the 1st quarter worth approximately $733,000. Finally, Private Trust Co. NA increased its stake in Charter Communications by 69.5% during the 1st quarter. Private Trust Co. NA now owns 161 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ CHTR opened at $253.16 on Friday. The firm has a market capitalization of $34.58 billion, a P/E ratio of 6.93, a PEG ratio of 0.58 and a beta of 1.05. The stock has a 50-day simple moving average of $266.47 and a two-hundred day simple moving average of $335.23. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a fifty-two week low of $251.23 and a fifty-two week high of $437.06.

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

Insider Buying and Selling

In other news, Director Balan Nair acquired 360 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, 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 SEC, which is accessible through this hyperlink. Also, CEO Christopher L. Winfrey bought 3,670 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the purchase, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This trade represents 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 owned by company insiders.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a research note on Monday, October 6th. Arete Research raised Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group started coverage on Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective on the stock. Sanford C. Bernstein reduced their price objective on Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, September 10th. Finally, Bank of America decreased their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $373.71.

Charter Communications Company Profile

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.