Cerity Partners LLC Has $12.76 Million Holdings in Charter Communications, Inc. $CHTR

Cerity Partners LLC increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 181.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,390 shares of the company’s stock after purchasing an additional 29,895 shares during the period. Cerity Partners LLC’s holdings in Charter Communications were worth $12,762,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CHTR. Y Intercept Hong Kong Ltd boosted its holdings in shares of Charter Communications by 113.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after buying an additional 4,273 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Charter Communications by 11.8% during the second quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock valued at $15,552,000 after purchasing an additional 4,000 shares during the period. WBI Investments LLC lifted its holdings in shares of Charter Communications by 74.9% during the 2nd quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after acquiring an additional 1,489 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Charter Communications by 25.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Charter Communications by 8.5% during the second quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after acquiring an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHTR. Sanford C. Bernstein reissued a “market perform” rating and issued a $280.00 target price (down from $350.00) on shares of Charter Communications in a report on Monday, November 3rd. UBS Group cut their price target on Charter Communications from $355.00 to $233.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. Benchmark reduced their price target on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $321.13.

Charter Communications Stock Up 0.4%

CHTR stock opened at $210.59 on Friday. The business has a 50-day simple moving average of $207.00 and a 200 day simple moving average of $264.98. The company has a market cap of $27.25 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications, Inc. has a 52 week low of $193.00 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.82 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Buying and Selling at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction 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 sale, 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 legal filing with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.