Meeder Advisory Services Inc. Takes $221,000 Position in Charter Communications, Inc. (NASDAQ:CHTR)

Meeder Advisory Services Inc. acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 601 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Price T Rowe Associates Inc. MD raised its stake in shares of Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after acquiring an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Charter Communications by 43,296.0% during the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock valued at $316,176,000 after acquiring an additional 855,961 shares during the last quarter. LSV Asset Management raised its stake in shares of Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after acquiring an additional 175,205 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock valued at $308,795,000 after acquiring an additional 161,547 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Charter Communications by 42.2% during the first quarter. Allianz Asset Management GmbH now owns 500,947 shares of the company’s stock valued at $184,614,000 after acquiring an additional 148,569 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CHTR shares. Barclays lowered their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a research note on Monday, July 28th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $380.00 price target on the stock in a research report on Monday, July 28th. Bank of America boosted their price target on shares of Charter Communications from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Finally, Loop Capital upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and boosted their price target for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $410.59.

Insider Activity

In other news, CEO Christopher L. Winfrey bought 3,670 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Charter Communications Trading Down 1.7%

Shares of NASDAQ CHTR opened at $264.69 on Friday. The firm’s 50 day moving average price is $382.50 and its 200-day moving average price is $370.99. The company has a market cap of $36.15 billion, a PE ratio of 7.25, a P/E/G ratio of 0.60 and a beta of 1.02. Charter Communications, Inc. has a 52-week low of $263.56 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.36 and a current ratio of 0.33.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The firm had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.49 EPS. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.