Allianz Asset Management GmbH Has $304.67 Million Stake in Charter Communications, Inc. $CHTR

Key Points

• Allianz Asset Management GmbH increased its stake in Charter Communications by 48.8%, owning 745,271 shares valued at approximately $304.67 million.
• Charter Communications reported a net margin of 9.53% and a 9.18 EPS for the last quarter, missing analysts' consensus estimates.
• Analysts have mixed ratings on Charter's stock, with a consensus rating of "Hold" and an average price target of $373.71.

Allianz Asset Management GmbH raised its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 48.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 745,271 shares of the company's stock after purchasing an additional 244,324 shares during the period. Allianz Asset Management GmbH owned 0.53% of Charter Communications worth $304,674,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHTR. Farther Finance Advisors LLC lifted its position in shares of Charter Communications by 61.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the company's stock worth $185,000 after purchasing an additional 190 shares during the period. GAMMA Investing LLC lifted its position in shares of Charter Communications by 17.8% in the 1st quarter. GAMMA Investing LLC now owns 2,328 shares of the company's stock worth $858,000 after purchasing an additional 351 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Charter Communications by 21.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock worth $1,435,000 after purchasing an additional 676 shares during the period. Ritholtz Wealth Management increased its stake in shares of Charter Communications by 6.3% in the 1st quarter. Ritholtz Wealth Management now owns 3,514 shares of the company's stock valued at $1,295,000 after acquiring an additional 209 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Charter Communications by 27.2% in the 1st quarter. Sagespring Wealth Partners LLC now owns 893 shares of the company's stock valued at $329,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $264.56 on Thursday. The firm has a market capitalization of $36.14 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The firm has a fifty day simple moving average of $266.60 and a two-hundred day simple moving average of $337.12. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 12 month low of $251.80 and a 12 month high of $437.06.

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

Analysts Set New Price Targets

CHTR has been the subject of several research analyst reports. KeyCorp lowered their price objective on shares of Charter Communications from $500.00 to $430.00 and set an "overweight" rating for the company in a research note on Friday, October 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Charter Communications in a research note on Wednesday, October 8th. Wells Fargo & Company initiated coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 price objective for the company. Bank of America lowered their price objective on shares of Charter Communications from $440.00 to $355.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. Finally, Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $373.71.

Insiders Place Their Bets

In other news, CEO Christopher L. Winfrey acquired 3,670 shares of the business's stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the acquisition, the chief executive officer directly owned 70,243 shares of the company's stock, valued at $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Balan Nair acquired 360 shares of the business's stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the acquisition, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by insiders.

Charter Communications Company Profile

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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