AG2R LA Mondiale Gestion D Actifs Cuts Holdings in Charter Communications, Inc. $CHTR

AG2R LA Mondiale Gestion D Actifs lowered its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,698 shares of the company’s stock after selling 245 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Charter Communications were worth $1,512,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gamco Investors INC. ET AL boosted its position in shares of Charter Communications by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock worth $1,153,000 after acquiring an additional 25 shares in the last quarter. Allworth Financial LP boosted its holdings in Charter Communications by 10.5% in the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock valued at $104,000 after purchasing an additional 27 shares in the last quarter. Hemington Wealth Management increased its stake in Charter Communications by 24.3% in the first quarter. Hemington Wealth Management now owns 143 shares of the company’s stock valued at $52,000 after purchasing an additional 28 shares during the last quarter. Cooper Financial Group lifted its position in shares of Charter Communications by 2.3% during the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock worth $515,000 after buying an additional 28 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Charter Communications by 1.1% in the 1st quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock valued at $997,000 after buying an additional 29 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research analyst reports. Bank of America reduced their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. The Goldman Sachs Group initiated coverage on Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price objective for the company. Citigroup started coverage on shares of Charter Communications in a report on Monday, October 6th. They issued a “buy” rating and a $325.00 target price on the stock. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a research note on Monday, October 6th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $373.71.

Insiders Place Their Bets

In other Charter Communications news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at $2,638,448.62. This trade represents a 3.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the transaction, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at $19,183,363.30. This trade represents a 5.51% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.

Charter Communications Trading Up 0.1%

Shares of Charter Communications stock opened at $244.20 on Friday. The company has a 50-day moving average of $264.77 and a two-hundred day moving average of $332.13. Charter Communications, Inc. has a 12-month low of $243.61 and a 12-month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The stock has a market cap of $33.36 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The business had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.49 earnings per share. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.