Charter Communications, Inc. (NASDAQ:CHTR) Stake Increased by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. raised its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,362 shares of the company’s stock after buying an additional 51 shares during the period. Wetherby Asset Management Inc.’s holdings in Charter Communications were worth $1,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its position in Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in Charter Communications by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after buying an additional 6 shares in the last quarter. RMB Capital Management LLC raised its position in Charter Communications by 1.0% in the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock valued at $267,000 after buying an additional 8 shares in the last quarter. Allen Operations LLC raised its position in Charter Communications by 0.8% in the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock valued at $320,000 after buying an additional 8 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 77.76% of the company’s stock.

Shares of Charter Communications, Inc. (NASDAQ:CHTR) opened at 400.90 on Thursday. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83. The company has a market cap of $103.39 billion, a PE ratio of 114.84 and a beta of 1.09. The stock’s 50 day moving average price is $351.94 and its 200-day moving average price is $334.70.

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

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Several research firms have weighed in on CHTR. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. BidaskClub lowered Charter Communications from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $340.00 to $450.00 in a report on Wednesday. Wunderlich lowered Charter Communications from a “buy” rating to a “hold” rating and reduced their target price for the stock from $360.00 to $350.00 in a report on Wednesday, May 3rd. Finally, SunTrust Banks, Inc. began coverage on Charter Communications in a research note on Tuesday, April 18th. They issued a “buy” rating and a $380.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Charter Communications presently has a consensus rating of “Buy” and a consensus target price of $357.70.

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

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