Charter Communications, Inc. $CHTR Stock Holdings Lessened by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake in Charter Communications by 34.4% in Q4, selling 20,822 shares and holding 39,678 shares worth about $8.28 million at quarter-end.
• Insiders bought stock: CEO Christopher Winfrey purchased 3,468 shares and director Wade Davis bought 5,728 shares on April 28, part of insiders acquiring 10,196 shares (~$1.77M) over the past 90 days.
• Charter missed Q1 EPS (reported $9.17 vs. $10.01 estimate) while revenue was roughly in line at $13.60B, and analysts hold a consensus rating of "Hold" with a $315.67 price target.

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,678 shares of the company's stock after selling 20,822 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Charter Communications were worth $8,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHTR. Webster Bank N. A. purchased a new stake in shares of Charter Communications during the third quarter valued at $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in Charter Communications in the 3rd quarter worth about $30,000. Geneos Wealth Management Inc. raised its holdings in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after buying an additional 55 shares during the period. Mather Group LLC. acquired a new stake in Charter Communications during the 3rd quarter worth about $38,000. Finally, Root Financial Partners LLC purchased a new stake in Charter Communications during the third quarter valued at about $38,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charter Communications

In other news, CEO Christopher L. Winfrey bought 3,468 shares of the stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the purchase, the chief executive officer directly owned 74,409 shares of the company's stock, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wade Davis bought 5,728 shares of the company's stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the transaction, the director owned 6,925 shares in the company, valued at approximately $1,203,011. The trade was a 478.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 10,196 shares of company stock valued at $1,767,822. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several analyst reports. Citigroup dropped their target price on shares of Charter Communications from $290.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 27th. Benchmark decreased their price objective on shares of Charter Communications from $455.00 to $435.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. Zacks Research upgraded shares of Charter Communications from a "strong sell" rating to a "hold" rating in a research report on Monday, February 16th. Royal Bank Of Canada cut their target price on shares of Charter Communications from $250.00 to $220.00 and set a "sector perform" rating on the stock in a research note on Monday, April 27th. Finally, TD Cowen raised their target price on Charter Communications from $428.00 to $437.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $315.67.

Charter Communications Price Performance

NASDAQ CHTR opened at $171.77 on Friday. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.39. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The company has a 50 day simple moving average of $219.14 and a 200-day simple moving average of $216.33. Charter Communications, Inc. has a 52-week low of $158.00 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the prior year, the company posted $8.42 EPS. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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