Gulf International Bank UK Ltd Has $1.90 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Charter Communications by 30.0% during the first quarter, now owning 5,155 shares valued at approximately $1.9 million.
• Charter Communications reported a miss on EPS for the last quarter, with $9.18 per share compared to the expected $10.06, while revenues slightly exceeded expectations at $13.77 billion.
• Insider activity showed positive movement, with CEO Christopher L. Winfrey purchasing 3,670 shares at an average price of $273.10, representing a 5.51% increase in his stake.

Gulf International Bank UK Ltd reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 30.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,155 shares of the company's stock after selling 2,205 shares during the period. Gulf International Bank UK Ltd's holdings in Charter Communications were worth $1,899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CHTR. Makaira Partners LLC lifted its holdings in Charter Communications by 4.0% during the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after acquiring an additional 14,510 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Charter Communications by 69.5% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Charter Communications by 21.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock valued at $1,435,000 after purchasing an additional 676 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Charter Communications by 25.2% in the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock valued at $608,000 after purchasing an additional 332 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Charter Communications by 20.3% in the first quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company's stock valued at $12,335,000 after purchasing an additional 5,642 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Charter Communications

In other news, Director Balan Nair purchased 360 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the purchase, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on CHTR shares. Sanford C. Bernstein upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price target on the stock in a report on Monday, July 28th. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and boosted their price target for the company from $430.00 to $510.00 in a report on Monday, May 19th. Morgan Stanley lifted their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Barclays lowered their target price on Charter Communications from $341.00 to $275.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. Finally, Royal Bank Of Canada lowered their target price 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. Three equities research 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. Based on data from MarketBeat.com, Charter Communications currently has an average rating of "Hold" and a consensus price target of $410.59.

Charter Communications Price Performance

Shares of CHTR stock traded up $4.60 during trading on Friday, hitting $267.80. The company had a trading volume of 1,697,732 shares, compared to its average volume of 2,785,035. The stock's 50-day moving average price is $355.53 and its 200 day moving average price is $364.59. 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, Inc. has a one year low of $254.67 and a one year high of $437.06. The firm has a market capitalization of $36.58 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released 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). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The business had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the company earned $8.49 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. Equities analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Charter Communications Company 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.