Altrinsic Global Advisors LLC Has $13.81 Million Stock Holdings in Charter Communications, Inc. $CHTR

Key Points

• Altrinsic Global Advisors LLC reduced its stake in Charter Communications by 6.0% in the 1st quarter, now holding 37,472 shares valued at approximately $13.81 million.
• CEO Christopher L. Winfrey and Director Balan Nair both made insider purchases of Charter's shares, increasing their ownership in the company.
• Charter Communications' stock recently reported a 1.5% decline and missed earnings expectations with EPS of $9.18, falling short of the forecasted $10.06.

Altrinsic Global Advisors LLC decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,472 shares of the company's stock after selling 2,373 shares during the quarter. Charter Communications comprises about 0.7% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 21st biggest position. Altrinsic Global Advisors LLC's holdings in Charter Communications were worth $13,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Charter Communications during the fourth quarter worth about $269,000. Coldstream Capital Management Inc. lifted its stake in shares of Charter Communications by 8.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,047 shares of the company's stock worth $702,000 after purchasing an additional 159 shares in the last quarter. Makaira Partners LLC lifted its stake in shares of Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after purchasing an additional 14,510 shares in the last quarter. III Capital Management increased its position in shares of Charter Communications by 500.0% during the fourth quarter. III Capital Management now owns 12,000 shares of the company's stock worth $4,113,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock worth $343,135,000 after acquiring an additional 142,883 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Insiders Place Their Bets

In other news, CEO Christopher L. Winfrey bought 3,670 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost 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 trade represents a 5.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Balan Nair bought 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 purchase, the director 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 disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

Charter Communications Price Performance

CHTR traded up $1.95 during trading on Friday, reaching $265.58. The stock had a trading volume of 1,707,578 shares, compared to its average volume of 1,961,713. The firm has a market capitalization of $36.28 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. 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 1-year low of $254.67 and a 1-year high of $437.06. The stock has a 50 day moving average of $331.68 and a two-hundred day moving average of $359.17.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter last year, the company posted $8.49 EPS. Charter Communications's revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank Of Canada dropped their target price on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a research report on Monday, July 28th. Bank of America boosted their price objective on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Sanford C. Bernstein raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price objective for the company in a report on Monday, July 28th. Finally, UBS Group lowered their price objective on Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three 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 $404.71.

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.