Charter Communications, Inc. $CHTR Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 21.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064 shares of the company’s stock after selling 556 shares during the period. NorthRock Partners LLC’s holdings in Charter Communications were worth $844,000 as of its most recent SEC filing.

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

Charter Communications Stock Performance

Charter Communications stock opened at $266.25 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 1 year low of $251.80 and a 1 year high of $437.06. The company has a market cap of $36.37 billion, a PE ratio of 7.29, a PEG ratio of 0.59 and a beta of 1.05. The company’s 50-day moving average is $266.55 and its two-hundred day moving average is $337.63.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the company posted $8.49 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CHTR shares. Wells Fargo & Company started coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price target on the stock. UBS Group lowered their price target 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. Barclays lowered their price target on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. Bank of America lowered their price target on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, KeyCorp lowered their price target on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $373.71.

Insider Transactions at Charter Communications

In related news, Director Balan Nair purchased 360 shares of the stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at $2,638,448.62. The trade was a 3.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost 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 $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. Corporate insiders own 0.83% of the company’s stock.

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.