Invesco Ltd. Boosts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Invesco Ltd. increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,834,807 shares of the company’s stock after purchasing an additional 120,624 shares during the period. Invesco Ltd.’s holdings in Charter Communications were worth $676,181,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. lifted its holdings in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after purchasing an additional 77 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after purchasing an additional 41 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company’s stock worth $36,000 after purchasing an additional 40 shares in the last quarter. Costello Asset Management INC purchased a new position in Charter Communications in the 1st quarter worth approximately $37,000. Finally, Zions Bancorporation National Association UT purchased a new position in Charter Communications in the 1st quarter worth approximately $40,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Charter Communications

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

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $256.57 on Friday. The stock’s fifty day moving average is $368.33 and its two-hundred day moving average is $368.04. The company has a market capitalization of $35.05 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 52 week low of $256.03 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced 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 the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $8.49 EPS. As a group, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHTR. UBS Group decreased their price objective on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Bank of America upped their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, July 1st. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Citigroup upped their price objective on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Finally, Loop Capital raised Charter Communications from a “hold” rating to a “buy” rating and upped their price objective for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $410.59.

Charter Communications 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.