Toroso Investments LLC Purchases 647 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Toroso Investments LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) by 12.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,966 shares of the company’s stock after acquiring an additional 647 shares during the period. Toroso Investments LLC’s holdings in Charter Communications were worth $1,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Charter Communications by 12.6% in the third quarter. Vanguard Group Inc. now owns 8,693,882 shares of the company’s stock valued at $2,637,289,000 after buying an additional 972,746 shares in the last quarter. Dodge & Cox boosted its position in Charter Communications by 1.2% during the second quarter. Dodge & Cox now owns 6,766,702 shares of the company’s stock worth $3,170,403,000 after purchasing an additional 79,984 shares during the period. State Street Corp boosted its position in Charter Communications by 0.4% during the third quarter. State Street Corp now owns 5,325,719 shares of the company’s stock worth $1,615,557,000 after purchasing an additional 21,823 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Charter Communications by 24.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,203,578 shares of the company’s stock worth $2,438,032,000 after purchasing an additional 1,014,432 shares during the period. Finally, FMR LLC boosted its position in Charter Communications by 364.7% during the second quarter. FMR LLC now owns 2,420,812 shares of the company’s stock worth $1,134,223,000 after purchasing an additional 1,899,927 shares during the period. 66.05% of the stock is owned by institutional investors.

Insider Transactions at Charter Communications

In other news, Chairman Thomas Rutledge sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $383.64, for a total transaction of $11,509,200.00. Following the sale, the chairman now directly owns 17,493 shares in the company, valued at $6,711,014.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Steven A. Miron purchased 2,500 shares of Charter Communications stock in a transaction dated Tuesday, January 31st. The shares were bought at an average cost of $384.35 per share, for a total transaction of $960,875.00. Following the completion of the acquisition, the director now owns 9,173 shares in the company, valued at approximately $3,525,642.55. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Thomas Rutledge sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $383.64, for a total value of $11,509,200.00. Following the completion of the sale, the chairman now owns 17,493 shares in the company, valued at $6,711,014.52. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Charter Communications in a research report on Thursday. They set a “hold” rating for the company. Loop Capital dropped their target price on Charter Communications from $405.00 to $390.00 in a report on Tuesday, January 31st. Evercore ISI dropped their target price on Charter Communications to $500.00 in a report on Wednesday, December 14th. KeyCorp dropped their target price on Charter Communications from $580.00 to $540.00 and set an “overweight” rating for the company in a report on Monday, January 30th. Finally, Morgan Stanley lifted their target price on Charter Communications from $420.00 to $460.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $486.86.

Charter Communications Stock Up 1.0 %

Shares of NASDAQ CHTR opened at $350.01 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 7.66. The company has a market cap of $53.43 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.43 and a beta of 1.12. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $578.00. The stock has a 50-day moving average price of $380.78 and a two-hundred day moving average price of $364.93.

Charter Communications (NASDAQ:CHTR – Get Rating) last issued its earnings results on Friday, January 27th. The company reported $7.69 EPS for the quarter, missing the consensus estimate of $8.03 by ($0.34). The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 37.20% and a net margin of 9.36%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.93 EPS. As a group, analysts forecast that Charter Communications, Inc. will post 32.31 earnings per share for the current fiscal year.

Charter Communications Company Profile

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.