Advisor Group Inc. lifted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,130 shares of the company’s stock after acquiring an additional 154 shares during the quarter. Advisor Group Inc.’s holdings in Charter Communications were worth $375,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Charter Communications by 2.4% during the second quarter. Vanguard Group Inc. now owns 13,814,543 shares of the company’s stock worth $4,653,428,000 after acquiring an additional 321,938 shares during the period. BlackRock Inc. increased its stake in shares of Charter Communications by 4.1% during the second quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after acquiring an additional 496,574 shares during the period. FMR LLC increased its stake in shares of Charter Communications by 12.4% during the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock worth $3,451,949,000 after acquiring an additional 1,165,353 shares during the period. Veritas Asset Management LLP increased its stake in shares of Charter Communications by 7.4% during the second quarter. Veritas Asset Management LLP now owns 3,845,110 shares of the company’s stock worth $1,295,225,000 after acquiring an additional 263,674 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Charter Communications by 10.1% during the second quarter. Jennison Associates LLC now owns 3,628,569 shares of the company’s stock worth $1,222,283,000 after acquiring an additional 331,597 shares during the period. Institutional investors and hedge funds own 74.10% of the company’s stock.

Shares of Charter Communications, Inc. (CHTR) opened at 364.92 on Wednesday. Charter Communications, Inc. has a 52-week low of $241.50 and a 52-week high of $408.83. The stock has a 50 day moving average of $377.22 and a 200 day moving average of $352.67. The firm has a market capitalization of $94.11 billion, a price-to-earnings ratio of 104.53 and a beta of 1.10.

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 the Thomson Reuters’ consensus estimate of $0.81 by ($0.29). The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, analysts predict that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

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In other news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

A number of brokerages have recently issued reports on CHTR. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. HSBC Holdings plc reiterated a “hold” rating and set a $360.00 price target (up from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Telsey Advisory Group upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $372.00 price target (up from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Twelve equities research 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. The company presently has an average rating of “Buy” and an average price target of $381.86.

Charter Communications 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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