Mizuho Markets Cayman LP Buys New Stake in Charter Communications, Inc. $CHTR

Mizuho Markets Cayman LP bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,480 shares of the company’s stock, valued at approximately $2,814,000.

Other large investors have also recently bought and sold shares of the company. Gateway Investment Advisers LLC purchased a new position in Charter Communications in the fourth quarter valued at $5,911,000. First Eagle Investment Management LLC boosted its stake 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 valued at $619,885,000 after acquiring an additional 1,617,148 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in Charter Communications by 110.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock valued at $6,521,000 after acquiring an additional 16,415 shares in the last quarter. Optimize Financial Inc acquired a new position in Charter Communications in the third quarter valued at $1,557,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Charter Communications by 245.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after acquiring an additional 10,455 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $145.15 on Friday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of 3.92, a price-to-earnings-growth ratio of 0.26 and a beta of 0.76. Charter Communications, Inc. has a fifty-two week low of $136.63 and a fifty-two week high of $422.29. The firm has a 50-day simple moving average of $196.70 and a 200-day simple moving average of $206.55.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The firm had revenue of $13.60 billion during 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%. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.42 EPS. On average, equities research analysts anticipate that Charter Communications, Inc. will post 43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. New Street Research decreased their price objective on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday. Williams Trading set a $437.00 price objective on shares of Charter Communications in a research note on Monday, February 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. BNP Paribas Exane decreased 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $290.38.

Insider Activity

In other news, Director Wade Davis acquired 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the transaction, the director directly owned 6,925 shares in the company, valued at approximately $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mauricio Ramos acquired 9,929 shares of Charter Communications stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the transaction, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 20,125 shares of company stock worth $3,167,116 in the last three months. 1.10% of the stock is currently owned by company insiders.

Charter Communications Profile

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.