Capital Research Global Investors lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR – Free Report) by 304.9% in the 4th quarter, HoldingsChannel reports. The firm owned 4,815,422 shares of the company’s stock after buying an additional 3,626,135 shares during the quarter. Capital Research Global Investors’ holdings in Charter Communications were worth $1,005,222,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of CHTR. AQR Capital Management LLC increased its stake in shares of Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Charter Communications by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. BNP Paribas Exane reduced their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Benchmark cut their price target on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, New Street Research reduced their price target on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $290.38.
Insider Buying and Selling
In other Charter Communications news, Director Balan Nair purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the transaction, the director owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the sale, the director owned 3,968 shares in the company, valued at $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 20,125 shares of company stock valued at $3,167,116 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.
Charter Communications Price Performance
CHTR stock opened at $132.12 on Friday. Charter Communications, Inc. has a 1 year low of $126.70 and a 1 year high of $422.29. The company has a market cap of $16.25 billion, a P/E ratio of 3.57, a PEG ratio of 0.23 and a beta of 0.71. The firm has a 50-day moving average of $181.51 and a 200 day moving average of $201.34. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.
Charter Communications (NASDAQ:CHTR – Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $8.42 EPS. On average, sell-side analysts forecast that Charter Communications, Inc. will post 43 EPS 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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