AG2R LA Mondiale Gestion D Actifs Takes $1.56 Million Position in Charter Communications, Inc. $CHTR

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in Charter Communications, Inc. worth approximately $1.56 million, purchasing 3,943 shares.
• Institutional investors and hedge funds now hold 81.76% of Charter's stock, with notable increases from firms like GAMMA Investing LLC, which grew its stake by 43,296% during the first quarter.
• Charter Communications recently reported $9.18 EPS for the quarter, falling short of the expected $10.06, while revenue increased slightly to $13.77 billion.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,943 shares of the company's stock, valued at approximately $1,562,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CHTR. GAMMA Investing LLC grew its position in shares of Charter Communications by 43,296.0% during the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after purchasing an additional 855,961 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock valued at $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Charter Communications by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock valued at $405,118,000 after purchasing an additional 198,444 shares during the last quarter. Nuveen LLC bought a new position in Charter Communications in the 1st quarter valued at approximately $71,956,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Charter Communications by 42.2% during the first quarter. Allianz Asset Management GmbH now owns 500,947 shares of the company's stock valued at $184,614,000 after acquiring an additional 148,569 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 0.2%

Shares of CHTR opened at $263.40 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a twelve month low of $251.80 and a twelve month high of $437.06. The stock has a market capitalization of $35.98 billion, a P/E ratio of 7.21, a PEG ratio of 0.59 and a beta of 1.02. The firm has a fifty day simple moving average of $303.05 and a two-hundred day simple moving average of $352.42.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $8.49 earnings per share. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Balan Nair acquired 360 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $274.21 per share, with a total value of $98,715.60. Following the completion of the acquisition, the director owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% 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, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHTR. Sanford C. Bernstein decreased their price objective on shares of Charter Communications from $380.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday. Royal Bank Of Canada dropped their price objective on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a research note on Monday, July 28th. Wells Fargo & Company assumed coverage on shares of Charter Communications in a report on Thursday, August 21st. They set an "equal weight" rating and a $300.00 price target on the stock. The Goldman Sachs Group began coverage on Charter Communications in a research report on Tuesday, September 2nd. They set a "sell" rating and a $223.00 target price for the company. Finally, Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their target price for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $392.94.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

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