Wedmont Private Capital Buys Shares of 582 Charter Communications, Inc. $CHTR

Wedmont Private Capital acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 582 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CHTR. Makaira Partners LLC lifted its position in Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company’s stock valued at $127,919,000 after purchasing an additional 14,510 shares in the last quarter. Woodline Partners LP purchased a new position in Charter Communications during the fourth quarter valued at $650,000. Vise Technologies Inc. purchased a new position in Charter Communications during the fourth quarter valued at $428,000. Public Employees Retirement System of Ohio boosted its holdings in Charter Communications by 6.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 43,669 shares of the company’s stock worth $14,968,000 after buying an additional 2,553 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Charter Communications by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 33,717 shares of the company’s stock worth $11,557,000 after buying an additional 560 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 target price for the company. Barclays dropped their target price on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a report on Monday, July 28th. Wolfe Research raised shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a report on Friday, June 20th. Arete Research raised shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Charter Communications from $430.00 to $370.00 and set a “sector perform” rating for the company in a report on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $392.94.

Charter Communications Stock Performance

Charter Communications stock opened at $262.55 on Monday. 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 $251.80 and a 1-year high of $437.06. The firm has a market capitalization of $35.86 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. The company’s 50-day moving average is $288.99 and its 200 day moving average is $348.53.

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

Insider Transactions at Charter Communications

In other news, Director Balan Nair purchased 360 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the acquisition, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction 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 completion of the acquisition, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. This trade represents 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.

About Charter Communications

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.