Charter Communications, Inc. (NASDAQ:CHTR) Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its holdings in Charter Communications by 2.1%, owning 165,710 shares valued at $61,069,000 as of the latest SEC filing.
• Charter Communications' stock has an average rating of "Hold" with a consensus price target of $410.59, following various analyst upgrades and downgrades.
• Insider transactions include CEO Christopher L. Winfrey purchasing 3,670 shares and Director Balan Nair acquiring 360 shares, indicating confidence from leadership in the company's future.

National Pension Service grew its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,710 shares of the company's stock after buying an additional 3,338 shares during the period. National Pension Service owned 0.12% of Charter Communications worth $61,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. raised its position in shares of Charter Communications by 2.6% in the first quarter. Russell Investments Group Ltd. now owns 163,887 shares of the company's stock valued at $60,402,000 after buying an additional 4,112 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Charter Communications by 6.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 30,108 shares of the company's stock valued at $11,098,000 after buying an additional 1,891 shares during the last quarter. Callan Family Office LLC raised its position in shares of Charter Communications by 14.6% in the first quarter. Callan Family Office LLC now owns 6,218 shares of the company's stock valued at $2,292,000 after buying an additional 790 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Charter Communications by 6.6% in the first quarter. Public Sector Pension Investment Board now owns 15,431 shares of the company's stock valued at $5,687,000 after buying an additional 954 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of Charter Communications in the first quarter valued at about $214,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Bank of America upped their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. UBS Group dropped their price objective on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Citigroup upped their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Arete Research raised shares of Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Three investment 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, the stock has an average rating of "Hold" and a consensus price target of $410.59.

Insider Activity

In other Charter Communications news, Director Balan Nair purchased 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the completion of the transaction, the director owned 9,622 shares of the company's stock, valued at $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher L. Winfrey purchased 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 transaction, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by corporate insiders.

Charter Communications Stock Down 2.2%

Shares of CHTR opened at $263.20 on Friday. The stock has a market capitalization of $35.95 billion, a PE ratio of 7.21, a P/E/G ratio of 0.60 and a beta of 1.02. Charter Communications, Inc. has a 1 year low of $254.67 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The company's 50-day simple moving average is $358.10 and its 200-day simple moving average is $365.22.

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

Want to see what other hedge funds are holding CHTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Communications, Inc. (NASDAQ:CHTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.