698 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 698 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. raised its holdings in shares of Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after purchasing an additional 3,080 shares during the period. Sands Capital Management LLC lifted its position in shares of Charter Communications by 5.7% during the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after buying an additional 17,112 shares during the last quarter. Oakcliff Capital Partners LP grew its stake in shares of Charter Communications by 8.2% during the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock worth $14,954,000 after acquiring an additional 2,900 shares during the period. AustralianSuper Pty Ltd purchased a new stake in Charter Communications in the 2nd quarter worth about $7,171,000. Finally, FORA Capital LLC raised its stake in Charter Communications by 45.8% in the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock valued at $6,029,000 after acquiring an additional 6,519 shares during the period. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CHTR. Citigroup increased their target price on shares of Charter Communications from $255.00 to $350.00 and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. TD Cowen increased their target price on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. The Goldman Sachs Group began coverage on Charter Communications in a research report on Monday, July 1st. They issued a “sell” rating and a $250.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $360.93.

Charter Communications Stock Down 4.3 %

Shares of NASDAQ:CHTR opened at $331.64 on Thursday. The firm has a market capitalization of $47.77 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.04. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $458.30. The firm has a fifty day moving average of $336.67 and a 200 day moving average of $298.76.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. During the same quarter in the previous year, the company posted $8.05 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications, Inc. will post 32.52 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 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.