Charter Communications, Inc. (NASDAQ:CHTR) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Charter Communications by 44.0%, owning 49,701 shares worth approximately $18.3 million as of the latest SEC report.
• Several institutional investors, including Price T Rowe Associates and GAMMA Investing LLC, significantly boosted their stakes in Charter Communications, with GAMMA's holdings up by 43,296.0%.
• Wall Street analysts have mixed views on Charter, with some upgrading the stock to a "buy" rating while others maintain a "hold" rating, and a consensus target price of $410.59.

Natixis Advisors LLC lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 44.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,701 shares of the company's stock after purchasing an additional 15,198 shares during the quarter. Natixis Advisors LLC's holdings in Charter Communications were worth $18,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in CHTR. ST Germain D J Co. Inc. boosted its holdings in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after purchasing an additional 41 shares during the last quarter. Larson Financial Group LLC increased its stake in Charter Communications by 70.2% in the first quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after purchasing an additional 40 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Charter Communications in the 1st quarter valued at about $47,000. Finally, Private Trust Co. NA boosted its position in Charter Communications by 69.5% during the first quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after purchasing an additional 66 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHTR has been the subject of several analyst reports. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Bank of America increased their price target on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Royal Bank Of Canada decreased their price target on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research note on Monday, July 28th. Finally, Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and raised their price target for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $410.59.

Charter Communications Price Performance

CHTR stock traded down $3.31 during trading on Thursday, hitting $258.73. The stock had a trading volume of 1,637,045 shares, compared to its average volume of 1,471,118. The company's 50-day moving average price is $373.80 and its two-hundred day moving average price is $369.23. Charter Communications, Inc. has a twelve month low of $257.06 and a twelve month high of $437.06. The stock has a market capitalization of $35.34 billion, a P/E ratio of 7.08, a PEG ratio of 0.59 and a beta of 1.02. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33.

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

Insider Activity

In other news, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. The trade was a 5.51% 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, Director Balan Nair purchased 360 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought 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. Insiders own 0.83% of the company's stock.

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.