Cetera Investment Advisers Boosts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Cetera Investment Advisers increased its stake in Charter Communications by 50.9%, owning a total of 6,560 shares valued at approximately $2.42 million after acquiring additional shares in the first quarter.
• Several institutional investors, such as ST Germain D J Co. Inc. and SBI Securities Co. Ltd., have also significantly increased their holdings in Charter Communications during the same period.
• Wall Street analysts have mixed ratings on Charter Communications, with a current consensus rating of "Hold" and an average price target of $410.59, reflecting varying expectations for the company's future performance.

Cetera Investment Advisers lifted its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 50.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,560 shares of the company's stock after buying an additional 2,212 shares during the quarter. Cetera Investment Advisers' holdings in Charter Communications were worth $2,418,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Northern Trust Corp boosted its position in Charter Communications by 16.6% during the 4th quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after acquiring an additional 142,883 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after acquiring an additional 161,547 shares during the period. GAMMA Investing LLC raised its position in shares of Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after acquiring an additional 855,961 shares in the last quarter. Finally, First Pacific Advisors LP lifted its stake in shares of Charter Communications by 0.8% during the 1st quarter. First Pacific Advisors LP now owns 619,009 shares of the company's stock worth $228,123,000 after purchasing an additional 4,887 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

CHTR has been the topic of several analyst reports. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research note on Friday, May 16th. Finally, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $410.59.

Charter Communications Stock Performance

CHTR traded down $2.21 on Friday, reaching $256.57. 1,782,047 shares of the stock were exchanged, compared to its average volume of 1,476,169. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The company's 50-day moving average price is $371.06 and its 200 day moving average price is $368.59. The firm has a market capitalization of $35.04 billion, a PE ratio of 7.03, a PEG ratio of 0.59 and a beta of 1.02. Charter Communications, Inc. has a fifty-two week low of $256.03 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its 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). 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 analyst estimates of $13.76 billion. During the same period last year, the firm earned $8.49 EPS. The company's revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications 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.