Charter Communications, Inc. $CHTR Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1,804.0% in the fourth quarter, HoldingsChannel reports. The firm owned 102,528 shares of the company’s stock after acquiring an additional 97,143 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Charter Communications were worth $21,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CHTR. Florida Financial Advisors LLC acquired a new stake in Charter Communications during the 4th quarter valued at $268,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Charter Communications by 3.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 38,337 shares of the company’s stock worth $8,003,000 after acquiring an additional 1,376 shares during the last quarter. MUFG Securities EMEA plc boosted its stake in shares of Charter Communications by 102.9% during the fourth quarter. MUFG Securities EMEA plc now owns 3,608 shares of the company’s stock valued at $753,000 after acquiring an additional 1,830 shares during the last quarter. Norges Bank acquired a new stake in shares of Charter Communications during the fourth quarter valued at $555,383,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Charter Communications during the 4th quarter worth about $2,030,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Christopher L. Winfrey acquired 3,468 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average cost of $172.23 per share, with a total value of $597,293.64. Following the purchase, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Balan Nair bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of $175.46 per share, with a total value of $175,460.00. Following the acquisition, the director directly owned 12,029 shares in the company, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 20,125 shares of company stock worth $3,167,116. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CHTR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Royal Bank Of Canada lowered their price target on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. New Street Research decreased their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $290.38.

Charter Communications Stock Performance

CHTR stock opened at $144.05 on Monday. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 3.89, a PEG ratio of 0.25 and a beta of 0.72. 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 business has a fifty day simple moving average of $189.60 and a 200-day simple moving average of $203.86. Charter Communications, Inc. has a 52 week low of $136.63 and a 52 week high of $422.29.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the previous year, the business posted $8.42 EPS. Charter Communications’s revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that Charter Communications, Inc. will post 43 EPS for the current year.

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.