Boston Partners Purchases Shares of 112,059 Charter Communications, Inc. $CHTR

Boston Partners purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 112,059 shares of the company’s stock, valued at approximately $45,811,000. Boston Partners owned 0.08% of Charter Communications as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new position in Charter Communications during the 2nd quarter worth about $25,000. Salem Investment Counselors Inc. raised its position in shares of 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 during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Charter Communications in the second quarter worth approximately $28,000. SouthState Corp bought a new stake in Charter Communications in the first quarter valued at approximately $25,000. Finally, Heritage Wealth Advisors acquired a new stake in Charter Communications during the 2nd quarter valued at approximately $29,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

CHTR has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $280.00 price target (down previously from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Bank of America dropped their target price on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Monday. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, Barclays dropped their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Reduce” and an average target price of $329.56.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Charter Communications Trading Down 0.5%

Shares of Charter Communications stock opened at $199.81 on Friday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a 52 week low of $193.00 and a 52 week high of $437.06. The stock has a 50 day moving average price of $240.27 and a two-hundred day moving average price of $307.50. The stock has a market capitalization of $25.86 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.76 billion. During the same period in the previous year, the company earned $8.82 earnings per share. Charter Communications’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.