Czech National Bank Grows Position in Charter Communications, Inc. $CHTR

Key Points

• The Czech National Bank increased its holdings in Charter Communications by 5.2%, now owning 23,330 shares valued at approximately $9.5 million.
• Several institutional investors, including GAMMA Investing LLC and JPMorgan Chase & Co., significantly raised their stakes in Charter Communications during the first quarter.
• Charter's shares opened at $268.02, currently show a 1-year low of $251.80 and a 1-year high of $437.06, with a market cap of $36.61 billion.

Czech National Bank boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,330 shares of the company's stock after purchasing an additional 1,160 shares during the quarter. Czech National Bank's holdings in Charter Communications were worth $9,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Charter Communications by 1.5% during the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company's stock worth $3,018,909,000 after acquiring an additional 120,303 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after acquiring an additional 806,145 shares in the last quarter. Invesco Ltd. raised its stake in shares of Charter Communications by 7.0% during the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock worth $676,181,000 after acquiring an additional 120,624 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Charter Communications by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company's stock worth $472,941,000 after acquiring an additional 19,594 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 22.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock worth $405,118,000 after acquiring an additional 198,444 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded down $5.85 during trading on Thursday, hitting $262.17. The company's stock had a trading volume of 1,831,647 shares, compared to its average volume of 1,724,640. Charter Communications, Inc. has a 12 month low of $251.80 and a 12 month high of $437.06. The firm has a market cap of $35.81 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.60 and a beta of 1.02. The company has a 50-day moving average of $294.37 and a 200-day moving average of $350.46. 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 announced its quarterly earnings data 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). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. During the same period last year, the business earned $8.49 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They issued a "sell" rating and a $223.00 target price on the stock. Wells Fargo & Company started coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price on the stock. Barclays cut their price target on shares of Charter Communications from $341.00 to $275.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Bank of America lifted their price target 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. Finally, Royal Bank Of Canada cut their price target on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a report on Monday, July 28th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $392.94.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,670 shares of the company's stock in a transaction dated 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 completion of 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Balan Nair bought 360 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the transaction, the director owned 9,622 shares of the company's stock, valued at $2,638,448.62. The trade was a 3.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

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.