8,630 Shares in Charter Communications, Inc. $CHTR Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,630 shares of the company’s stock, valued at approximately $3,528,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Y Intercept Hong Kong Ltd grew its holdings in shares of Charter Communications by 113.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after acquiring an additional 4,273 shares during the period. Los Angeles Capital Management LLC boosted its stake in Charter Communications by 11.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock worth $15,552,000 after purchasing an additional 4,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Charter Communications by 25.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after buying an additional 2,990 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Charter Communications by 8.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock valued at $13,386,000 after purchasing an additional 2,560 shares during the last quarter. Finally, First Pacific Advisors LP increased its holdings in Charter Communications by 1.2% in the 2nd quarter. First Pacific Advisors LP now owns 626,508 shares of the company’s stock worth $256,123,000 after buying an additional 7,499 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHTR. BNP Paribas Exane decreased their target price on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research note on Tuesday, November 4th. The Goldman Sachs Group began coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective for the company. UBS Group lowered their price target on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Weiss Ratings downgraded shares of Charter Communications from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $329.56.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the sale, the director owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Charter Communications Stock Performance

CHTR stock opened at $204.80 on Friday. Charter Communications, Inc. has a twelve month low of $204.45 and a twelve month high of $437.06. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.55 and a beta of 1.04. The business’s fifty day simple moving average is $252.95 and its two-hundred day simple moving average is $320.92. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the company posted $8.82 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications 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.