Capital World Investors Sells 452,254 Shares of Charter Communications, Inc. $CHTR

Capital World Investors reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 99.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,837 shares of the company’s stock after selling 452,254 shares during the quarter. Capital World Investors’ holdings in Charter Communications were worth $383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gateway Investment Advisers LLC bought a new stake in Charter Communications during the 4th quarter valued at about $5,911,000. Thompson Siegel & Walmsley LLC increased its stake in Charter Communications by 1,804.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock valued at $21,403,000 after purchasing an additional 97,143 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Charter Communications by 119.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after purchasing an additional 1,617,148 shares in the last quarter. Norges Bank bought a new stake in Charter Communications during the 4th quarter valued at about $555,383,000. Finally, Swiss Life Asset Management Ltd increased its stake in Charter Communications by 110.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock valued at $6,521,000 after purchasing an additional 16,415 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR stock opened at $137.79 on Thursday. The company has a 50 day moving average price of $176.45 and a 200-day moving average price of $200.03. Charter Communications, Inc. has a 52 week low of $126.70 and a 52 week high of $422.29. The firm has a market capitalization of $16.95 billion, a PE ratio of 3.72, a P/E/G ratio of 0.23 and a beta of 0.71. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.42 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHTR shares. Royal Bank Of Canada reduced 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 research note on Monday, April 27th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Finally, JPMorgan Chase & Co. started coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $290.38.

Insider Buying and Selling

In other Charter Communications news, Director Mauricio Ramos acquired 9,929 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares in the company, valued at $2,721,217.37. This represents a 105.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wade Davis acquired 5,728 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the acquisition, the director owned 6,925 shares of the company’s stock, valued at $1,203,011. The trade was a 478.53% increase in their position. The disclosure for this purchase 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 90 days. 1.10% of the stock is owned by insiders.

Charter Communications Company 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.