Advisors Asset Management Inc. Sells 2,083 Shares of Charter Communications, Inc. $CHTR

Advisors Asset Management Inc. lessened its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,314 shares of the company’s stock after selling 2,083 shares during the period. Advisors Asset Management Inc.’s holdings in Charter Communications were worth $16,890,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Cornerstone Capital Inc. raised its position in shares of Charter Communications by 13.7% in the 2nd quarter. Cornerstone Capital Inc. now owns 36,023 shares of the company’s stock worth $14,727,000 after acquiring an additional 4,333 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in Charter Communications by 40,782.4% in the second quarter. Laurel Wealth Advisors LLC now owns 6,950 shares of the company’s stock worth $2,841,000 after purchasing an additional 6,933 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in Charter Communications by 2.1% in the second quarter. CreativeOne Wealth LLC now owns 4,299 shares of the company’s stock valued at $1,757,000 after buying an additional 89 shares during the period. Global Retirement Partners LLC bought a new position in shares of Charter Communications during the 2nd quarter worth approximately $228,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Charter Communications during the 2nd quarter worth approximately $507,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 1.9%

NASDAQ CHTR opened at $199.08 on Tuesday. 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 business has a fifty day simple moving average of $244.09 and a 200 day simple moving average of $310.43. Charter Communications, Inc. has a 12 month low of $193.00 and a 12 month high of $437.06. The firm has a market capitalization of $25.76 billion, a P/E ratio of 5.45, a PEG ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the company earned $8.82 EPS. The business’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHTR. Royal Bank Of Canada dropped their target price on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Barclays dropped their price objective on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Bank of America reduced their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. BNP Paribas Exane dropped their price target on Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company cut their price target on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $329.56.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

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.