Meru Capital Group LP decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 80.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the company’s stock after selling 40,260 shares during the quarter. Charter Communications makes up approximately 11.1% of Meru Capital Group LP’s holdings, making the stock its 5th largest holding. Meru Capital Group LP’s holdings in Charter Communications were worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CHTR. Cornerstone Advisors Inc. grew its holdings in Charter Communications by 4.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares during the period. Parallel Advisors LLC grew its holdings in Charter Communications by 43.3% in the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares during the period. Barrett Asset Management LLC grew its holdings in Charter Communications by 118.7% in the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares during the period. Bessemer Group Inc. grew its holdings in Charter Communications by 50.7% in the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares during the period. Finally, Rational Advisors LLC purchased a new stake in Charter Communications in the 2nd quarter valued at about $168,000. Institutional investors own 74.09% of the company’s stock.

In other news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

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Charter Communications, Inc. (NASDAQ:CHTR) traded down 0.22% during trading on Friday, reaching $360.30. The company’s stock had a trading volume of 2,078,451 shares. The stock’s 50-day moving average is $389.33 and its 200 day moving average is $348.25. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83. The firm has a market capitalization of $92.92 billion, a price-to-earnings ratio of 103.21 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.29). The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. On average, analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

Several analysts have commented on the company. Evercore ISI lifted their price target on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating and issued a $420.00 price target on shares of Charter Communications in a report on Monday, September 18th. HSBC Holdings plc restated a “hold” rating and issued a $360.00 price target (up previously from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. UBS AG restated a “buy” rating and issued a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Finally, Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $340.00 to $450.00 in a report on Wednesday, August 9th. Twelve analysts have rated the stock with a hold rating, ten have issued 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 a consensus target price of $379.19.

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.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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