ASR Vermogensbeheer N.V. Makes New $3.30 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• ASR Vermogensbeheer N.V. established a new position in Charter Communications, acquiring 8,942 shares valued at approximately $3,295,000 in the first quarter.
• Charter Communications recently reported earnings per share of $9.18 for the last quarter, falling short of the consensus estimate of $10.06, while revenue increased by 0.6% year-over-year.
• Analysts have varied views on Charter's stock, with a consensus target price of $410.59 and ratings ranging from sell to buy among multiple brokerages.

ASR Vermogensbeheer N.V. purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,942 shares of the company's stock, valued at approximately $3,295,000.

Several other large investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. boosted its stake in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after buying an additional 41 shares during the last quarter. Larson Financial Group LLC boosted its stake in Charter Communications by 70.2% during the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after buying an additional 40 shares during the last quarter. Costello Asset Management INC acquired a new position in Charter Communications during the first quarter worth $37,000. Finally, NBC Securities Inc. acquired a new position in Charter Communications during the first quarter worth $47,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent research reports. Bank of America boosted their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada decreased their price target on 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 upped their price target on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Citigroup upped their price target on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $410.59.

Charter Communications Stock Down 0.9%

NASDAQ CHTR traded down $2.21 during trading hours on Friday, hitting $256.57. 1,782,047 shares of the company were exchanged, compared to its average volume of 2,646,453. The company has a 50 day moving average of $368.33 and a two-hundred day moving average of $368.04. 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 52-week low of $256.03 and a 52-week high of $437.06. The firm has a market cap of $35.04 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.57 and a beta of 1.02.

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

Insider Transactions at Charter Communications

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

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.