Rehmann Capital Advisory Group Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Rehmann Capital Advisory Group bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 613 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Charter Communications by 2,782.4% in the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares in the last quarter. FMR LLC increased its position in shares of Charter Communications by 12.4% in the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares in the last quarter. Jennison Associates LLC increased its position in shares of Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock valued at $1,075,894,000 after buying an additional 801,716 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Charter Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 13,492,605 shares of the company’s stock valued at $4,416,400,000 after buying an additional 341,513 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Charter Communications by 46.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 954,093 shares of the company’s stock valued at $274,703,000 after buying an additional 302,548 shares in the last quarter. Institutional investors own 74.47% of the company’s stock.

Charter Communications, Inc. (CHTR) traded up 0.0115% on Thursday, hitting $346.6499. The company’s stock had a trading volume of 326,278 shares. The company has a market capitalization of $92.74 billion, a P/E ratio of 23.5448 and a beta of 1.07. The company has a 50 day moving average price of $338.71 and a 200-day moving average price of $327.20. Charter Communications, Inc. has a 1-year low of $233.00 and a 1-year high of $355.00.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Tuesday, May 2nd. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.42. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.26 billion. Charter Communications had a return on equity of 1.41% and a net margin of 10.55%. The company’s revenue for the quarter was up 301.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.68) earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post $0.60 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on CHTR shares. Macquarie reiterated a “buy” rating and set a $365.00 price objective on shares of Charter Communications in a research report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $356.00 price objective on shares of Charter Communications in a research report on Friday, April 21st. SunTrust Banks, Inc. started coverage on Charter Communications in a research report on Tuesday, April 18th. They set a “buy” rating and a $380.00 price objective for the company. Deutsche Bank AG reduced their price objective on Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. Finally, BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $333.92.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total value of $323,620.00. Following the sale, the director now directly owns 13,436 shares in the company, valued at $4,348,158.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David C. Merritt bought 1,200 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of $326.31 per share, for a total transaction of $391,572.00. Following the completion of the acquisition, the director now owns 8,174 shares of the company’s stock, valued at approximately $2,667,257.94. The disclosure for this purchase can be found here. Company 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.

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

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