683 Shares in Charter Communications Inc (NASDAQ:CHTR) Purchased by Bank of The West

Bank of The West bought a new stake in Charter Communications Inc (NASDAQ:CHTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 683 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of Charter Communications by 166.7% during the 1st quarter. Assetmark Inc. now owns 360 shares of the company’s stock valued at $112,000 after acquiring an additional 225 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at approximately $117,000. Synovus Financial Corp acquired a new stake in shares of Charter Communications during the 1st quarter valued at approximately $140,000. Port Capital LLC acquired a new stake in shares of Charter Communications during the 2nd quarter valued at approximately $204,000. Finally, Abbrea Capital LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at approximately $215,000. 69.07% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Richard R. Dykhouse sold 2,101 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

CHTR has been the topic of several research reports. BidaskClub lowered Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 21st. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. Goldman Sachs Group raised Charter Communications from a “neutral” rating to a “buy” rating in a research report on Thursday, June 28th. KeyCorp began coverage on Charter Communications in a research note on Wednesday, May 16th. They set an “equal weight” rating for the company. Finally, Jefferies Financial Group began coverage on Charter Communications in a research note on Thursday, June 7th. They set a “hold” rating and a $300.00 price objective for the company. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $372.19.

Charter Communications opened at $302.45 on Friday, Marketbeat reports. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $405.33. The firm has a market capitalization of $70.76 billion, a PE ratio of 105.23, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Tuesday, July 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.20. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The company had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. sell-side analysts predict that Charter Communications Inc will post 4.32 earnings per share for the current year.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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

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