EP Wealth Advisors LLC Has $232,000 Position in Charter Communications, Inc. $CHTR

EP Wealth Advisors LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 629 shares of the company’s stock after selling 108 shares during the quarter. EP Wealth Advisors LLC’s holdings in Charter Communications were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SouthState Corp bought a new position in shares of Charter Communications during the first quarter valued at $25,000. ST Germain D J Co. Inc. raised its position 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 worth $31,000 after purchasing an additional 77 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after buying an additional 41 shares during the period. Strengthening Families & Communities LLC acquired a new position in Charter Communications during the 1st quarter worth about $33,000. Finally, Larson Financial Group LLC grew its position in shares of Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock valued at $36,000 after buying an additional 40 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHTR. The Goldman Sachs Group initiated coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price objective for the company. Loop Capital upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and raised their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Wolfe Research upgraded shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 20th. Wells Fargo & Company initiated coverage on shares of Charter Communications in a research report on Thursday, August 21st. They set an “equal weight” rating and a $300.00 price objective for the company. Finally, UBS Group lowered their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $394.61.

Charter Communications Trading Down 0.2%

NASDAQ:CHTR opened at $263.35 on Wednesday. Charter Communications, Inc. has a 12 month low of $251.80 and a 12 month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The stock has a market capitalization of $35.97 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.59 and a beta of 1.02. The firm has a fifty day simple moving average of $312.13 and a two-hundred day simple moving average of $354.42.

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

Insider Buying and Selling

In other news, CEO Christopher L. Winfrey purchased 3,670 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Balan Nair acquired 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The stock was purchased 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 of the company’s stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

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.