NGAM Advisors L.P. decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 33.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,150 shares of the company’s stock after selling 21,359 shares during the period. NGAM Advisors L.P.’s holdings in Charter Communications were worth $14,198,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. boosted its stake in shares of Charter Communications by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 7,257 shares of the company’s stock valued at $2,445,000 after buying an additional 306 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Charter Communications by 118.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,300 shares of the company’s stock worth $5,154,000 after buying an additional 8,310 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Charter Communications by 5.6% in the second quarter. Diamond Hill Capital Management Inc. now owns 518,034 shares of the company’s stock worth $174,500,000 after buying an additional 27,252 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Charter Communications during the second quarter worth $717,000. Finally, Strs Ohio increased its stake in Charter Communications by 3.1% in the second quarter. Strs Ohio now owns 191,483 shares of the company’s stock worth $64,501,000 after buying an additional 5,719 shares during the period. Institutional investors own 77.79% of the company’s stock.
Shares of Charter Communications, Inc. (CHTR) traded down 0.10% during midday trading on Friday, hitting $392.97. 1,304,255 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $364.56 and its 200 day moving average price is $338.53. The firm has a market cap of $101.34 billion, a PE ratio of 112.57 and a beta of 1.09. Charter Communications, Inc. has a one year low of $241.50 and a one year high of $408.83.
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Several equities analysts recently commented on CHTR shares. Morgan Stanley upped their price target on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Wunderlich downgraded shares of Charter Communications from a “buy” rating to a “hold” rating and dropped their target price for the stock from $360.00 to $350.00 in a research note on Wednesday, May 3rd. Deutsche Bank AG dropped their target price on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Wells Fargo & Company cut shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price target for the company. in a research report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $356.00 price target on shares of Charter Communications in a research report on Friday, April 21st. Eleven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $369.96.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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