Charter Communications, Inc. $CHTR Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Charter Communications, Inc. (NASDAQ:CHTR) by 134.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,363 shares of the company’s stock after purchasing an additional 17,415 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Charter Communications were worth $12,411,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications during the 2nd quarter worth approximately $25,000. Salem Investment Counselors Inc. grew its stake in Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after buying an additional 61 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Charter Communications during the second quarter worth approximately $28,000. SouthState Corp acquired a new stake in shares of Charter Communications in the first quarter worth $25,000. Finally, Family CFO Inc purchased a new position in shares of Charter Communications in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday, November 3rd. Weiss Ratings downgraded Charter Communications from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research note on Monday, November 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $280.00 price target (down from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. Finally, Bank of America decreased their price target on Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $329.56.

Insider Transactions at Charter Communications

In related 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 value of $271,416.00. Following the sale, the director directly owned 10,146 shares of the company’s stock, valued at $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 accessible through this link. 0.83% of the stock is owned by corporate insiders.

Charter Communications Trading Down 0.8%

Shares of CHTR opened at $203.10 on Friday. Charter Communications, Inc. has a one year low of $199.31 and a one year high of $437.06. The stock has a 50-day moving average price of $251.78 and a 200 day moving average price of $319.72. 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 company has a market capitalization of $26.28 billion, a P/E ratio of 5.56, a P/E/G ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). The business had revenue of $13.67 billion for 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 revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.82 earnings per share. Sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS 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.