Charter Communications, Inc. $CHTR Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

Key Points

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BI Asset Management Fondsmaeglerselskab A S raised its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,036 shares of the company's stock after buying an additional 1,874 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Charter Communications were worth $20,282,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in Charter Communications by 0.8% in the first quarter. Hsbc Holdings PLC now owns 143,382 shares of the company's stock valued at $52,808,000 after buying an additional 1,075 shares during the last quarter. Quantbot Technologies LP lifted its position in Charter Communications by 19.8% in the first quarter. Quantbot Technologies LP now owns 20,388 shares of the company's stock valued at $7,514,000 after buying an additional 3,364 shares during the last quarter. Wellington Management Group LLP increased its stake in Charter Communications by 261.5% during the first quarter. Wellington Management Group LLP now owns 37,247 shares of the company's stock worth $13,727,000 after purchasing an additional 26,944 shares during the period. Korea Investment CORP increased its stake in Charter Communications by 40.8% during the first quarter. Korea Investment CORP now owns 66,540 shares of the company's stock worth $24,522,000 after purchasing an additional 19,287 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in Charter Communications by 135.9% during the first quarter. Aptus Capital Advisors LLC now owns 2,824 shares of the company's stock worth $1,041,000 after purchasing an additional 1,627 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHTR. Royal Bank Of Canada cut their price target 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. Citigroup boosted their price target on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Barclays cut their price target on shares of Charter Communications from $341.00 to $275.00 and set an "underweight" rating on the stock in a research note on Monday, July 28th. Bank of America boosted their price target on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average price target of $404.71.

Insider Activity at Charter Communications

In related news, CEO Christopher L. Winfrey purchased 3,670 shares of the company's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Balan Nair purchased 360 shares of the company's stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director directly owned 9,622 shares of the company's stock, valued at $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. Corporate insiders own 0.83% of the company's stock.

Charter Communications Stock Up 3.6%

Shares of CHTR stock traded up $9.60 during trading hours on Friday, reaching $277.58. 1,820,510 shares of the stock were exchanged, compared to its average volume of 2,806,755. The business's fifty day moving average is $342.72 and its two-hundred day moving average is $361.95. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications, Inc. has a 12-month low of $254.67 and a 12-month high of $437.06. The firm has a market capitalization of $37.91 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.60 and a beta of 1.02.

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

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.