Charter Communications, Inc. $CHTR Stake Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,262 shares of the company’s stock after purchasing an additional 369 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Charter Communications were worth $1,777,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHTR. Wellington Management Group LLP purchased a new stake in shares of Charter Communications in the fourth quarter valued at $3,532,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Charter Communications by 29.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company’s stock worth $97,000 after acquiring an additional 60 shares in the last quarter. Czech National Bank raised its holdings in shares of Charter Communications by 5.7% during the first quarter. Czech National Bank now owns 22,170 shares of the company’s stock worth $8,170,000 after acquiring an additional 1,204 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Charter Communications during the first quarter worth $47,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Charter Communications during the first quarter worth $205,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.0%

CHTR stock opened at $276.12 on Tuesday. 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 52-week low of $251.80 and a 52-week high of $437.06. The company has a 50-day moving average of $274.98 and a two-hundred day moving average of $344.77. The stock has a market capitalization of $37.72 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.61 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last released its quarterly 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 firm had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the company earned $8.49 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Activity

In related news, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director owned 9,622 shares of the company’s stock, valued at $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 company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Charter Communications in a report on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price objective for the company. UBS Group cut their price objective on Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Royal Bank Of Canada cut their price objective on Charter Communications from $430.00 to $370.00 and set a “sector perform” rating for the company in a report on Monday, July 28th. Sanford C. Bernstein lowered their target price on shares of Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 10th. Finally, Wells Fargo & Company assumed coverage on shares of Charter Communications in a research report on Thursday, August 21st. They set an “equal weight” rating and a $300.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $389.88.

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.