Savant Capital LLC lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 89.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,518 shares of the company’s stock after selling 13,568 shares during the quarter. Savant Capital LLC’s holdings in Charter Communications were worth $317,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CHTR. First Eagle Investment Management LLC boosted its holdings in Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after purchasing an additional 1,617,148 shares during the period. State Street Corp boosted its holdings in shares of Charter Communications by 22.7% in the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after buying an additional 1,475,383 shares during the period. Capital Research Global Investors acquired a new position in shares of Charter Communications in the 3rd quarter valued at about $327,179,000. Vanguard Group Inc. boosted its holdings in shares of Charter Communications by 13.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after buying an additional 1,130,648 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Charter Communications by 826.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,244,034 shares of the company’s stock valued at $342,240,000 after buying an additional 1,109,703 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.
Insider Activity
In other news, Director Balan Nair bought 1,000 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $175.46 per share, with a total value of $175,460.00. Following the purchase, the director directly owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher L. Winfrey purchased 3,468 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the transaction, the chief executive officer directly owned 74,409 shares in the company, valued at $12,815,462.07. This represents a 4.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,125 shares of company stock worth $3,167,116 over the last three months. Insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
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Charter Communications Trading Up 2.4%
Charter Communications stock opened at $132.12 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The firm has a 50-day moving average price of $181.51 and a two-hundred day moving average price of $201.34. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 3.57, a PEG ratio of 0.22 and a beta of 0.71. Charter Communications, Inc. has a 52-week low of $126.70 and a 52-week high of $422.29.
Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $8.42 earnings per share. Sell-side analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current year.
About Charter Communications
Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.
The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.
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