NewSquare Capital LLC Buys New Shares in Charter Communications Inc (NASDAQ:CHTR)

NewSquare Capital LLC bought a new stake in shares of Charter Communications Inc (NASDAQ:CHTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,305 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nuveen Asset Management LLC lifted its position in shares of Charter Communications by 13,657.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 684,700 shares of the company’s stock valued at $270,579,000 after acquiring an additional 679,723 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd purchased a new stake in shares of Charter Communications in the 2nd quarter valued at approximately $159,437,000. Longview Partners Guernsey LTD lifted its position in shares of Charter Communications by 13.3% in the 2nd quarter. Longview Partners Guernsey LTD now owns 3,238,400 shares of the company’s stock valued at $1,279,751,000 after acquiring an additional 381,226 shares in the last quarter. Morgan Stanley lifted its position in shares of Charter Communications by 101.1% in the 2nd quarter. Morgan Stanley now owns 485,487 shares of the company’s stock valued at $191,856,000 after acquiring an additional 244,117 shares in the last quarter. Finally, Bristol John W & Co. Inc. NY purchased a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $77,454,000. 72.40% of the stock is owned by institutional investors and hedge funds.

In other news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Several brokerages recently commented on CHTR. Rosenblatt Securities restated a “buy” rating and issued a $480.00 price target on shares of Charter Communications in a research report on Monday, July 29th. Wells Fargo & Co began coverage on shares of Charter Communications in a research note on Tuesday, August 27th. They issued a “market perform” rating and a $400.00 price objective on the stock. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group upped their price objective on shares of Charter Communications from $370.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Barclays reiterated a “sell” rating and issued a $338.00 price objective on shares of Charter Communications in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $422.95.

Shares of CHTR traded down $1.35 during mid-day trading on Wednesday, hitting $431.57. 6,214 shares of the company’s stock were exchanged, compared to its average volume of 1,200,680. The firm has a fifty day moving average of $418.90 and a two-hundred day moving average of $391.25. Charter Communications Inc has a twelve month low of $272.91 and a twelve month high of $435.45. The stock has a market cap of $93.72 billion, a price-to-earnings ratio of 83.04, a P/E/G ratio of 1.53 and a beta of 1.21. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The business had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same quarter last year, the company earned $1.15 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Charter Communications Inc will post 6.59 earnings per share for the current year.

Charter Communications Profile

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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

Featured Article: What is a Tariff?

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications Inc (NASDAQ:CHTR).

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

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.