Harvest Fund Management Co. Ltd Buys 330 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Harvest Fund Management Co. Ltd grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 80.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 740 shares of the company’s stock after purchasing an additional 330 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Charter Communications were worth $272,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Edge Capital Group LLC bought a new stake in Charter Communications during the first quarter worth about $135,000. CWM LLC boosted its stake in Charter Communications by 5.5% during the first quarter. CWM LLC now owns 2,048 shares of the company’s stock worth $732,000 after acquiring an additional 106 shares in the last quarter. Jump Financial LLC bought a new stake in Charter Communications during the first quarter worth about $574,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Charter Communications by 1.7% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 23,321 shares of the company’s stock worth $8,340,000 after acquiring an additional 384 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in Charter Communications by 38.5% during the first quarter. Achmea Investment Management B.V. now owns 3,525 shares of the company’s stock worth $1,260,000 after acquiring an additional 979 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Charter Communications Stock Up 2.3 %

Shares of CHTR stock opened at $449.37 on Friday. Charter Communications, Inc. has a 12 month low of $297.66 and a 12 month high of $452.25. The stock has a market cap of $67.26 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.73 and a beta of 1.12. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.84. The company has a 50 day simple moving average of $411.04 and a two-hundred day simple moving average of $367.93.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 28th. The company reported $8.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.66 by $0.39. The firm had revenue of $13.66 billion during the quarter, compared to analysts’ expectations of $13.84 billion. Charter Communications had a net margin of 8.48% and a return on equity of 35.69%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $8.80 earnings per share. On average, research analysts expect that Charter Communications, Inc. will post 31.33 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the topic of several research reports. StockNews.com initiated coverage on shares of Charter Communications in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Bank of America upped their target price on shares of Charter Communications from $425.00 to $450.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st. Loop Capital upped their target price on shares of Charter Communications from $390.00 to $405.00 and gave the stock a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company upped their target price on shares of Charter Communications from $410.00 to $450.00 and gave the stock an “equal weight” rating in a research note on Monday, July 31st. Finally, Benchmark reiterated a “buy” rating and issued a $575.00 target price on shares of Charter Communications in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $499.64.

Insider Transactions at Charter Communications

In other news, Director Craig A. Jacobson sold 2,104 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $418.16, for a total value of $879,808.64. Following the completion of the sale, the director now directly owns 10,249 shares of the company’s stock, valued at $4,285,721.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.32% 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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.