Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Lifted by Blueshift Asset Management LLC

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 stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 72.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,093 shares of the company's stock after purchasing an additional 2,553 shares during the quarter. Charter Communications comprises 0.9% of Blueshift Asset Management LLC's portfolio, making the stock its 13th largest position. Blueshift Asset Management LLC's holdings in Charter Communications were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Charter Communications by 10.2% in the 4th quarter. American Century Companies Inc. now owns 13,919 shares of the company's stock worth $4,771,000 after purchasing an additional 1,286 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. CIBC Private Wealth Group LLC increased its stake in Charter Communications by 175.3% in the fourth 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 in the last quarter. Clearbridge Investments LLC grew its position in shares of 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 acquiring an additional 873 shares during the period. Finally, Wellington Management Group LLP bought a new position in Charter Communications in the 4th quarter valued at $3,532,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The shares were acquired 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 owned 70,243 shares of the company's stock, valued at $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $4.67 during midday trading on Friday, hitting $264.69. 2,563,449 shares of the stock traded hands, compared to its average volume of 2,226,657. The firm has a 50-day moving average of $382.50 and a two-hundred day moving average of $371.15. The firm has a market capitalization of $36.15 billion, a P/E ratio of 7.25, a PEG ratio of 0.59 and a beta of 1.02. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.36 and a current ratio of 0.33. Charter Communications, Inc. has a one year low of $263.56 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing the consensus estimate of $10.06 by ($0.88). The firm had revenue of $13.77 billion during the quarter, compared to analysts' expectations of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. Charter Communications's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.49 earnings per share. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective 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. Oppenheimer raised 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. Wells Fargo & Company upped their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Finally, Bank of America increased their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $410.59.

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.