Avantax Advisory Services Inc. Buys 301 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Avantax Advisory Services Inc. lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 27.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,384 shares of the company’s stock after buying an additional 301 shares during the period. Avantax Advisory Services Inc.’s holdings in Charter Communications were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. ST Germain D J Co. Inc. increased its holdings in Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock valued at $31,000 after purchasing an additional 77 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Charter Communications by 70.2% during the first quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after acquiring an additional 40 shares in the last quarter. NBC Securities Inc. acquired a new position in Charter Communications during the 1st quarter worth approximately $47,000. Finally, Private Trust Co. NA boosted its position in Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

CHTR opened at $265.98 on Wednesday. The stock has a market cap of $36.33 billion, a P/E ratio of 7.28, a P/E/G ratio of 0.59 and a beta of 1.02. 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 1 year low of $260.76 and a 1 year high of $437.06. The firm has a fifty day moving average price of $376.70 and a 200 day moving average price of $369.97.

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

Insider Buying and Selling

In related news, Director Balan Nair bought 360 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the purchase, the chief executive officer directly 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.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of research reports. BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Wolfe Research upgraded Charter Communications from an “underperform” rating to a “peer perform” rating in a report on Friday, June 20th. Raymond James Financial raised shares of Charter Communications from an “underperform” rating to a “market perform” rating in a research report on Monday, May 19th. Morgan Stanley increased their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Finally, Citigroup boosted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $410.59.

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.