4,499 Shares in Charter Communications, Inc. $CHTR Bought by Linden Advisors LP

Linden Advisors LP acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,499 shares of the company’s stock, valued at approximately $1,839,000.

Several other institutional investors have also recently made changes to their positions in CHTR. Norges Bank purchased a new position in shares of Charter Communications during the 2nd quarter worth about $1,145,387,000. Allianz Asset Management GmbH lifted its stake in Charter Communications by 48.8% in the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock worth $304,674,000 after purchasing an additional 244,324 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Charter Communications by 15.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock valued at $644,210,000 after buying an additional 209,869 shares during the period. State Street Corp boosted its position in shares of Charter Communications by 3.2% during the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after buying an additional 198,979 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Charter Communications by 22.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after buying an additional 198,444 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR stock opened at $206.60 on Friday. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50-day moving average price of $225.50 and a 200 day moving average price of $291.43. The company has a market capitalization of $26.74 billion, a P/E ratio of 5.73, a PEG ratio of 0.67 and a beta of 1.06. Charter Communications, Inc. has a 1-year low of $193.00 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The business had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the company earned $8.82 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup decreased their price target on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $280.00 target price (down from $350.00) on shares of Charter Communications in a research note on Monday, November 3rd. Wells Fargo & Company cut their price target on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Monday, November 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price target on the stock. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $329.56.

Insider Activity

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.83% of the company’s stock.

Charter Communications 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.