Charter Communications, Inc. (CHTR) Holdings Maintained by TCI Wealth Advisors Inc.
TCI Wealth Advisors Inc. held its stake in Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 536 shares of the company’s stock at the end of the second quarter. TCI Wealth Advisors Inc.’s holdings in Charter Communications were worth $181,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. lifted its position in shares of Charter Communications by 1.6% during the first quarter. UBS Asset Management Americas Inc. now owns 969,405 shares of the company’s stock valued at $317,306,000 after purchasing an additional 15,312 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of Charter Communications during the first quarter valued at about $566,000. Karp Capital Management Corp bought a new position in shares of Charter Communications during the first quarter valued at about $23,270,000. Advent Capital Management DE bought a new position in shares of Charter Communications during the first quarter valued at about $327,000. Finally, Neuburgh Advisers LLC lifted its position in shares of Charter Communications by 69.4% during the first quarter. Neuburgh Advisers LLC now owns 5,644 shares of the company’s stock valued at $1,847,000 after purchasing an additional 2,312 shares in the last quarter. Hedge funds and other institutional investors own 74.15% of the company’s stock.
Shares of Charter Communications, Inc. (CHTR) traded down 0.689% during midday trading on Thursday, hitting $382.475. 503,008 shares of the stock were exchanged. The firm has a market cap of $98.63 billion, a PE ratio of 109.560 and a beta of 1.10. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83. The firm’s 50-day moving average is $388.28 and its 200 day moving average is $346.50.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same period last year, the business earned $0.99 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current year.
A number of research firms recently weighed in on CHTR. Citigroup Inc. raised their price target on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. UBS AG reaffirmed a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $450.00 to $340.00 in a research report on Tuesday, September 5th. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $375.73.
In related news, EVP Jonathan Hargis sold 10,976 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the transaction, the executive vice president now directly owns 18,025 shares of the company’s stock, valued at $7,191,975. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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