19,600 Shares in Charter Communications, Inc. $CHTR Acquired by Harber Asset Management LLC

Harber Asset Management LLC acquired a new position in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,600 shares of the company’s stock, valued at approximately $4,092,000. Charter Communications comprises approximately 1.7% of Harber Asset Management LLC’s holdings, making the stock its 28th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox increased its holdings in Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after buying an additional 2,801,671 shares during the last quarter. Vanguard Group Inc. increased its holdings in Charter Communications by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock worth $2,139,330,000 after buying an additional 885,935 shares during the last quarter. State Street Corp increased its holdings in Charter Communications by 22.7% in the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after buying an additional 1,475,383 shares during the last quarter. Capital Research Global Investors increased its holdings in Charter Communications by 304.9% in the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after buying an additional 3,626,135 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings 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 worth $619,885,000 after buying an additional 1,617,148 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Up 4.8%

Shares of CHTR stock opened at $145.82 on Friday. Charter Communications, Inc. has a 12 month low of $126.70 and a 12 month high of $422.29. 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’s 50 day moving average is $173.50 and its two-hundred day moving average is $199.21. The company has a market cap of $17.93 billion, a PE ratio of 3.94, a price-to-earnings-growth ratio of 0.25 and a beta of 0.71.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHTR shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. New Street Research dropped their price objective on Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. assumed coverage on Charter Communications in a report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price target on the stock. Finally, BNP Paribas Exane lowered their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Charter Communications presently has an average rating of “Reduce” and a consensus target price of $290.38.

Insider Activity at Charter Communications

In related news, Director Thomas Rutledge sold 69,633 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the completion of the transaction, the director directly owned 3,968 shares in the company, valued at $573,177.60. This represents a 94.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Balan Nair bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $175.46 per share, with a total value of $175,460.00. Following the completion of the purchase, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by company insiders.

About Charter Communications

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.