Howard Capital Management Inc. Acquires 85 Shares of Charter Communications, Inc. $CHTR

Howard Capital Management Inc. boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,565 shares of the company’s stock after buying an additional 85 shares during the period. Howard Capital Management Inc.’s holdings in Charter Communications were worth $1,049,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its holdings in shares of Charter Communications by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock worth $1,153,000 after purchasing an additional 25 shares during the period. Allworth Financial LP increased its holdings in shares of Charter Communications by 10.5% during the 1st quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after purchasing an additional 27 shares during the period. Hemington Wealth Management increased its stake in Charter Communications by 24.3% during the first quarter. Hemington Wealth Management now owns 143 shares of the company’s stock valued at $52,000 after acquiring an additional 28 shares during the period. Cooper Financial Group increased its stake in Charter Communications by 2.3% during the second quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after acquiring an additional 28 shares during the period. Finally, Brown Advisory Inc. increased its stake in Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock valued at $997,000 after acquiring an additional 29 shares during the period. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHTR. The Goldman Sachs Group began coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price objective on the stock. Arete Research raised shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Citigroup started coverage on shares of Charter Communications in a report on Monday, October 6th. They issued a “buy” rating and a $325.00 price target on the stock. Wells Fargo & Company started coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 target price on the stock. Finally, KeyCorp lowered their target price on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $373.71.

Insider Activity

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

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $248.88 on Wednesday. The business’s fifty day moving average price is $263.98 and its two-hundred day moving average price is $330.71. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $437.06. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05.

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.