Assetmark Inc. Has $263,000 Stock Position in Charter Communications, Inc. $CHTR

Assetmark Inc. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 88.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 643 shares of the company’s stock after selling 4,988 shares during the period. Assetmark Inc.’s holdings in Charter Communications were worth $263,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. SouthState Corp acquired a new position in Charter Communications in the 1st quarter valued at $25,000. Salem Investment Counselors Inc. raised its stake in Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Charter Communications during the second quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its holdings in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after purchasing an additional 41 shares during the last quarter. Finally, Strengthening Families & Communities LLC bought a new stake in shares of Charter Communications during the first quarter valued at approximately $33,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David C. Merritt sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent research reports. Barclays reduced their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research note on Monday, November 3rd. UBS Group dropped 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. Finally, Bank of America cut their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $329.56.

Charter Communications Stock Up 0.9%

Charter Communications stock opened at $219.86 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 1-year low of $213.50 and a 1-year high of $437.06. The company has a fifty day simple moving average of $257.21 and a 200 day simple moving average of $324.67. The company has a market cap of $30.03 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.82 earnings per share. Research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.