Forsta AP Fonden Acquires 700 Shares of Charter Communications, Inc. $CHTR

Forsta AP Fonden lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.1% during the second quarter, HoldingsChannel reports. The firm owned 17,800 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Forsta AP Fonden’s holdings in Charter Communications were worth $7,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHTR. Envestnet Asset Management Inc. increased its stake in Charter Communications by 20.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company’s stock worth $12,335,000 after purchasing an additional 5,642 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of 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 buying an additional 27 shares during the period. CWM LLC boosted its holdings in shares of Charter Communications by 7.4% in the first quarter. CWM LLC now owns 1,934 shares of the company’s stock valued at $713,000 after buying an additional 133 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Charter Communications during the first quarter worth $2,838,000. Finally, Signaturefd LLC raised its holdings in shares of Charter Communications by 4.7% during the first quarter. Signaturefd LLC now owns 1,279 shares of the company’s stock worth $471,000 after acquiring an additional 57 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the sale, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CHTR shares. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday, November 3rd. Oppenheimer downgraded Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Wells Fargo & Company decreased their price objective on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. Finally, Royal Bank Of Canada dropped their target price on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $329.56.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $204.80 on Friday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50 day moving average price of $252.95 and a 200 day moving average price of $320.92. The stock has a market capitalization of $26.50 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.55 and a beta of 1.04. Charter Communications, Inc. has a 52 week low of $204.45 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The company had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $8.82 EPS. Analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.