Blueshift Asset Management LLC Buys 2,553 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Blueshift Asset Management LLC increased its stake in Charter Communications by 72.1% during the first quarter, owning 6,093 shares valued at approximately $2.25 million.
• Charter Communications' CEO Christopher L. Winfrey purchased 3,670 shares at an average price of $273.10 per share, increasing his ownership by 5.51%.
• Wall Street analysts have given mixed ratings for Charter Communications, with reports ranging from a "buy" rating from Wall Street Zen to a "sell" from three investment analysts, reflecting uncertainty in the stock's performance.

Blueshift Asset Management LLC lifted its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 72.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,093 shares of the company's stock after buying an additional 2,553 shares during the quarter. Charter Communications comprises 0.9% of Blueshift Asset Management LLC's investment portfolio, making the stock its 13th largest holding. Blueshift Asset Management LLC's holdings in Charter Communications were worth $2,245,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in Charter Communications by 10.2% during the 4th quarter. American Century Companies Inc. now owns 13,919 shares of the company's stock valued at $4,771,000 after purchasing an additional 1,286 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Charter Communications by 175.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,475 shares of the company's stock valued at $1,913,000 after purchasing an additional 3,486 shares during the period. Clearbridge Investments LLC boosted its stake in Charter Communications by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 8,301 shares of the company's stock valued at $2,845,000 after purchasing an additional 873 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Charter Communications during the 4th quarter valued at approximately $3,532,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 1.1%

Shares of NASDAQ CHTR traded up $2.75 during midday trading on Tuesday, hitting $264.50. 2,500,335 shares of the stock traded hands, compared to its average volume of 1,457,216. The company has a market cap of $36.13 billion, a PE ratio of 7.25, a P/E/G ratio of 0.59 and a beta of 1.02. Charter Communications, Inc. has a one year low of $260.76 and a one year high of $437.06. The business has a 50 day moving average price of $379.61 and a two-hundred day moving average price of $370.70. 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 posted 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). The company had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.49 EPS. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. UBS Group lowered their price target on Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. BNP Paribas restated an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. 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. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $410.59.

Insider Buying and Selling

In other Charter Communications news, Director Balan Nair acquired 360 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the acquisition, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

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.