Charter Communications, Inc. $CHTR Shares Sold by Swedbank AB

Swedbank AB reduced its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,651 shares of the company’s stock after selling 10,422 shares during the quarter. Swedbank AB’s holdings in Charter Communications were worth $7,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gateway Investment Advisers LLC acquired a new stake in shares of Charter Communications during the 4th quarter valued at approximately $5,911,000. First Eagle Investment Management LLC raised its position in shares of 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 acquiring an additional 1,617,148 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in shares of 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 acquiring an additional 16,415 shares in the last quarter. Optimize Financial Inc acquired a new stake in shares of Charter Communications during the 3rd quarter valued at approximately $1,557,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Charter Communications by 245.3% during the 3rd 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. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CHTR. UBS Group set a $425.00 target price on Charter Communications in a research report on Thursday, January 29th. BNP Paribas Exane dropped their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Royal Bank Of Canada dropped their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Finally, Wells Fargo & Company increased their target price on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. Five investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $290.38.

Insider Activity at Charter Communications

In related news, CEO Christopher L. Winfrey acquired 3,468 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the acquisition, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mauricio Ramos acquired 9,929 shares of Charter Communications stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the acquisition, the director directly owned 19,309 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders acquired 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is owned by company insiders.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $144.00 on Wednesday. Charter Communications, Inc. has a 1-year low of $136.63 and a 1-year high of $422.29. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day moving average price is $193.82 and its two-hundred day moving average price is $205.34. The firm has a market capitalization of $17.71 billion, a PE ratio of 3.89, a P/E/G ratio of 0.25 and a beta of 0.76.

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 the consensus estimate of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period in the prior year, the business earned $8.42 earnings per share. Charter Communications’s quarterly revenue was down 1.0% on a year-over-year basis. On average, 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.