Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by Boston Private Wealth LLC

Boston Private Wealth LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,418 shares of the company’s stock after purchasing an additional 35 shares during the quarter. Boston Private Wealth LLC’s holdings in Charter Communications were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Signet Investment Advisory Group Inc. acquired a new stake in shares of Charter Communications during the fourth quarter worth $26,000. Reilly Financial Advisors LLC lifted its position in Charter Communications by 238.5% during the fourth quarter. Reilly Financial Advisors LLC now owns 44 shares of the company’s stock valued at $29,000 after purchasing an additional 31 shares during the period. NEXT Financial Group Inc lifted its position in Charter Communications by 117.4% during the first quarter. NEXT Financial Group Inc now owns 50 shares of the company’s stock valued at $31,000 after purchasing an additional 27 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Charter Communications during the first quarter valued at $31,000. Finally, Wealthcare Capital Management LLC acquired a new position in Charter Communications during the first quarter valued at $33,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

A number of research analysts recently issued reports on CHTR shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Charter Communications from $708.00 to $724.00 and gave the company a “neutral” rating in a research report on Wednesday, June 2nd. Argus upped their price objective on shares of Charter Communications from $700.00 to $775.00 and gave the stock a “buy” rating in a research report on Wednesday, May 12th. TD Securities upped their price objective on shares of Charter Communications from $740.00 to $750.00 and gave the stock a “hold” rating in a research report on Tuesday, May 11th. Truist upped their price objective on shares of Charter Communications from $700.00 to $750.00 in a research report on Monday, May 3rd. Finally, Credit Suisse Group upped their price objective on shares of Charter Communications from $724.00 to $780.00 and gave the stock an “outperform” rating in a research report on Monday, May 3rd. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Charter Communications currently has an average rating of “Buy” and a consensus target price of $710.24.

In other Charter Communications news, insider David Ellen sold 10,443 shares of the stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $669.65, for a total transaction of $6,993,154.95. Following the sale, the insider now directly owns 38,711 shares in the company, valued at approximately $25,922,821.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David C. Merritt sold 1,000 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $697.45, for a total transaction of $697,450.00. Following the sale, the director now owns 8,907 shares in the company, valued at $6,212,187.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,590 shares of company stock worth $15,306,235. Company insiders own 1.00% of the company’s stock.

Shares of CHTR stock opened at $682.91 on Friday. The business has a 50 day moving average of $665.82. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.37 and a current ratio of 0.37. Charter Communications, Inc. has a one year low of $498.08 and a one year high of $712.41. The firm has a market cap of $128.84 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 1.04 and a beta of 0.98.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, April 29th. The company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.34 by ($0.23). Charter Communications had a return on equity of 11.02% and a net margin of 7.43%. The company had revenue of $12.52 billion during the quarter, compared to analyst estimates of $12.50 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Charter Communications, Inc. will post 19.62 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.

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

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