Prospera Financial Services Inc Makes New $284,000 Investment in Charter Communications, Inc. $CHTR

Prospera Financial Services Inc bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 694 shares of the company’s stock, valued at approximately $284,000.

Several other large investors have also modified their holdings of the stock. Summit Investment Advisors Inc. grew its position in Charter Communications by 2.3% in the 1st quarter. Summit Investment Advisors Inc. now owns 5,594 shares of the company’s stock valued at $2,062,000 after buying an additional 127 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Charter Communications by 21.6% in the 2nd quarter. AE Wealth Management LLC now owns 5,060 shares of the company’s stock worth $2,069,000 after acquiring an additional 898 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Charter Communications by 11.8% in the 2nd quarter. Penserra Capital Management LLC now owns 521 shares of the company’s stock worth $212,000 after acquiring an additional 55 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Charter Communications by 0.6% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 553,753 shares of the company’s stock valued at $226,380,000 after acquiring an additional 3,530 shares in the last quarter. Finally, Andra AP fonden increased its stake in shares of Charter Communications by 5,371.2% during the second quarter. Andra AP fonden now owns 38,900 shares of the company’s stock worth $15,903,000 after acquiring an additional 38,189 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $203.10 on Monday. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The business’s 50 day simple moving average is $251.78 and its 200-day simple moving average is $318.74. Charter Communications, Inc. has a 12 month low of $199.31 and a 12 month high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.82 earnings per share. As a group, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. The Goldman Sachs Group started coverage on Charter Communications in a research note on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price for the company. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Bank of America decreased their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $280.00 price objective (down previously from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $329.56.

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.