Charter Communications Inc (NASDAQ:CHTR) Stock Holdings Lifted by NEXT Financial Group Inc

NEXT Financial Group Inc lifted its position in Charter Communications Inc (NASDAQ:CHTR) by 247.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175 shares of the company’s stock after acquiring an additional 837 shares during the period. NEXT Financial Group Inc’s holdings in Charter Communications were worth $570,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Rothschild & Co Wealth Management UK Ltd purchased a new position in Charter Communications during the second quarter valued at approximately $159,437,000. Cryder Capital Partners LLP purchased a new position in Charter Communications during the third quarter valued at approximately $91,128,000. Bristol John W & Co. Inc. NY purchased a new position in Charter Communications during the third quarter valued at approximately $77,454,000. Massachusetts Financial Services Co. MA grew its position in Charter Communications by 17.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,041,181 shares of the company’s stock valued at $429,091,000 after purchasing an additional 151,566 shares in the last quarter. Finally, Altarock Partners LLC grew its position in Charter Communications by 13.4% during the third quarter. Altarock Partners LLC now owns 1,081,554 shares of the company’s stock valued at $445,730,000 after purchasing an additional 127,388 shares in the last quarter. 72.75% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CHTR opened at $513.14 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $109.70 billion, a PE ratio of 92.79, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19. The company has a 50 day moving average price of $487.63 and a two-hundred day moving average price of $441.26. Charter Communications Inc has a 12-month low of $281.07 and a 12-month high of $517.07.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.42 billion. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. As a group, equities analysts anticipate that Charter Communications Inc will post 6.89 EPS for the current year.

In other news, CMO Jonathan Hargis sold 1,234 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $464.80, for a total value of $573,563.20. Following the completion of the sale, the chief marketing officer now directly owns 12,895 shares in the company, valued at $5,993,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lance Conn sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $500.00, for a total transaction of $500,000.00. Following the completion of the sale, the director now owns 5,552 shares of the company’s stock, valued at $2,776,000. The disclosure for this sale can be found here. Insiders sold 3,434 shares of company stock valued at $1,642,927 over the last 90 days. 0.84% of the stock is owned by corporate insiders.

A number of brokerages recently commented on CHTR. Nomura boosted their price objective on shares of Charter Communications from $420.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein began coverage on shares of Charter Communications in a research report on Wednesday, October 16th. They set an “outperform” rating on the stock. Argus boosted their price objective on shares of Charter Communications from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barclays reaffirmed a “sell” rating and set a $338.00 price objective on shares of Charter Communications in a research report on Tuesday, October 15th. Finally, Wells Fargo & Co boosted their price objective on shares of Charter Communications from $400.00 to $450.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $470.09.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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