Credit Agricole S A Grows Stock Position in Charter Communications, Inc. $CHTR

Key Points

• Credit Agricole S A increased its stake in Charter Communications by 6.3%, acquiring a total of 34,727 shares worth approximately $12.80 million.
• Several hedge funds, including Wellington Management Group LLP, significantly increased their positions during the first quarter, contributing to a total institutional ownership of 81.76% of Charter's stock.
• Charter Communications reported $9.18 EPS in its recent earnings release, missing analysts' expectations and demonstrating a year-over-year revenue increase of only 0.6%.

Credit Agricole S A raised its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,727 shares of the company's stock after purchasing an additional 2,066 shares during the period. Credit Agricole S A's holdings in Charter Communications were worth $12,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Makaira Partners LLC grew its stake in Charter Communications by 4.0% in the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after purchasing an additional 14,510 shares during the last quarter. Private Trust Co. NA grew its stake in 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 during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in 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 during the last quarter. Vontobel Holding Ltd. grew its stake in 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 during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Charter Communications by 20.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company's stock valued at $12,335,000 after buying an additional 5,642 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Arete Research raised Charter Communications to a "strong sell" rating in a research report on Tuesday, July 8th. Citigroup upped their target price on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. UBS Group dropped 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. Finally, Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and a consensus target price of $404.71.

Insider Buying and Selling

In other Charter Communications news, Director Balan Nair purchased 360 shares of the stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $274.21 per share, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction on Thursday, July 31st. The shares were acquired at an average price 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 $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company's stock.

Charter Communications Stock Performance

Shares of CHTR traded down $4.5290 during mid-day trading on Monday, reaching $273.0510. The company had a trading volume of 852,197 shares, compared to its average volume of 1,489,505. Charter Communications, Inc. has a 52-week low of $254.67 and a 52-week high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The stock has a market capitalization of $37.30 billion, a P/E ratio of 7.48, a PEG ratio of 0.62 and a beta of 1.02. The stock has a 50 day moving average of $342.72 and a two-hundred day moving average of $362.13.

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 analysts' consensus estimates of $10.06 by ($0.88). The business had revenue of $13.77 billion for 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%.The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.49 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.