Caerus Investors LLC purchased a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $3,812,000. Charter Communications makes up 2.2% of Caerus Investors LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors also recently modified their holdings of CHTR. Gluskin Sheff & Assoc Inc. increased its stake in shares of Charter Communications by 7.0% in the first quarter. Gluskin Sheff & Assoc Inc. now owns 122,073 shares of the company’s stock worth $37,992,000 after acquiring an additional 8,024 shares during the period. Roundview Capital LLC increased its stake in shares of Charter Communications by 44.9% in the first quarter. Roundview Capital LLC now owns 3,838 shares of the company’s stock worth $1,194,000 after acquiring an additional 1,190 shares during the period. Calamos Advisors LLC increased its stake in shares of Charter Communications by 13.4% in the second quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock worth $5,291,000 after acquiring an additional 2,133 shares during the period. Arnhold LLC acquired a new stake in shares of Charter Communications in the first quarter worth $746,000. Finally, TD Asset Management Inc. increased its stake in shares of Charter Communications by 4.0% in the second quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock worth $29,208,000 after acquiring an additional 3,798 shares during the period. Institutional investors and hedge funds own 71.12% of the company’s stock.

Shares of NASDAQ CHTR opened at $305.19 on Monday. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $397.39. The firm has a market cap of $70.76 billion, a P/E ratio of 115.17, a PEG ratio of 1.81 and a beta of 1.24. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.20. The firm had revenue of $10.85 billion for the quarter, compared to the consensus estimate of $10.83 billion. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. research analysts anticipate that Charter Communications Inc will post 4.43 EPS for the current year.

A number of research firms have recently weighed in on CHTR. BidaskClub upgraded shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. ValuEngine upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Macquarie reissued a “buy” rating and set a $320.00 price target on shares of Charter Communications in a report on Monday, June 25th. Goldman Sachs Group raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the stock from $315.00 to $361.00 in a report on Thursday, June 21st. Finally, Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $368.93.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total transaction of $622,988.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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

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