Sei Investments Co. Acquires 26,800 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sei Investments Co. grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,329 shares of the company’s stock after acquiring an additional 26,800 shares during the period. Sei Investments Co. owned about 0.11% of Charter Communications worth $46,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its position in Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after buying an additional 3,080 shares in the last quarter. Sands Capital Management LLC increased its holdings in Charter Communications by 5.7% in the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock worth $124,323,000 after acquiring an additional 17,112 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in Charter Communications in the 2nd quarter worth approximately $7,171,000. Oakcliff Capital Partners LP raised its stake in Charter Communications by 8.2% during the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock worth $14,954,000 after acquiring an additional 2,900 shares during the period. Finally, FORA Capital LLC boosted its position in shares of Charter Communications by 45.8% in the first quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after purchasing an additional 6,519 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group initiated coverage on Charter Communications in a research note on Monday, July 1st. They issued a “sell” rating and a $250.00 price objective for the company. Wolfe Research downgraded Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. TD Cowen upped their price target on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Barclays lifted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $359.94.

Charter Communications Trading Down 0.3 %

Shares of NASDAQ CHTR opened at $330.40 on Monday. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The business’s 50 day moving average is $344.81 and its two-hundred day moving average is $302.50. The stock has a market capitalization of $47.59 billion, a P/E ratio of 10.69, a PEG ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $8.05 EPS. As a group, research analysts expect that Charter Communications, Inc. will post 32.52 EPS for the current year.

Charter Communications Company 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; Advanced WiFi services; Spectrum Security Shield; 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.