Caledonia Investments PLC Has $62.63 Million Stock Holdings in Charter Communications, Inc. $CHTR

Key Points

• Caledonia Investments PLC increased its stake in Charter Communications by 8.3%, owning 153,200 shares valued at approximately $62.63 million, making it the sixth largest holding in their portfolio.
• Multiple institutional investors have also raised their positions in Charter, with 81.76% of the company's stock now owned by institutional investors and hedge funds.
• Charter Communications reported $9.18 EPS for the last quarter, missing estimates by $0.88, despite a revenue increase to $13.77 billion, indicating mixed financial performance.

Caledonia Investments PLC raised its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,200 shares of the company's stock after acquiring an additional 11,800 shares during the period. Charter Communications comprises 6.2% of Caledonia Investments PLC's holdings, making the stock its 6th biggest holding. Caledonia Investments PLC owned approximately 0.11% of Charter Communications worth $62,628,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Charter Communications by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company's stock valued at $3,018,909,000 after purchasing an additional 120,303 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after buying an additional 806,145 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Charter Communications by 7.0% during the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock worth $676,181,000 after buying an additional 120,624 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Charter Communications by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company's stock valued at $472,941,000 after acquiring an additional 19,594 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Charter Communications by 22.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock worth $405,118,000 after acquiring an additional 198,444 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Insider Activity at Charter Communications

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CHTR shares. Sanford C. Bernstein reduced their price target on Charter Communications from $380.00 to $350.00 and set an "outperform" rating on the stock in a report on Wednesday, September 10th. Royal Bank Of Canada dropped their price target on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research note on Monday, July 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. UBS Group decreased their price target on Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Finally, Barclays cut their price objective on Charter Communications from $341.00 to $275.00 and set an "underweight" rating on the stock in a research note on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Charter Communications has an average rating of "Hold" and a consensus target price of $389.88.

Charter Communications Price Performance

Shares of CHTR opened at $276.12 on Tuesday. The firm has a market cap of $37.72 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.61 and a beta of 1.02. Charter Communications, Inc. has a 52-week low of $251.80 and a 52-week high of $437.06. The business's 50 day moving average price is $274.98 and its two-hundred day moving average price is $344.77. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) 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 the consensus estimate of $13.76 billion. During the same period in the prior year, the company earned $8.49 earnings per share. The firm's revenue was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.