Deutsche Bank AG Lowers Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• Deutsche Bank AG reduced its stake in Charter Communications by 4.2%, selling 15,182 shares and owning a total of 349,283 shares worth approximately $128.7 million.
• Charter Communications reported earnings of $9.18 per share, missing estimates by $0.88, although its revenue increased by 0.6% year-over-year.
• Several major institutional investors have increased their holdings in Charter Communications, with a reported 81.76% of the company's stock owned by institutional investors.

Deutsche Bank AG trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,283 shares of the company's stock after selling 15,182 shares during the quarter. Deutsche Bank AG owned 0.25% of Charter Communications worth $128,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. boosted its stake in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after purchasing an additional 41 shares during the last quarter. Larson Financial Group LLC boosted its position in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after buying an additional 40 shares during the period. Costello Asset Management INC purchased a new stake in Charter Communications in the 1st quarter valued at about $37,000. Finally, NBC Securities Inc. purchased a new stake in Charter Communications in the 1st quarter valued at about $47,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR traded down $7.63 during trading hours on Thursday, reaching $261.37. The stock had a trading volume of 918,209 shares, compared to its average volume of 1,481,063. The stock has a fifty day moving average of $360.66 and a 200 day moving average of $365.94. The stock has a market cap of $35.70 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. Charter Communications, Inc. has a 52-week low of $254.67 and a 52-week 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.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $9.18 EPS 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 company 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 company posted $8.49 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several recent research reports. Bank of America lifted their price objective on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Arete Research upgraded shares of Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a report on Friday, May 16th. Finally, Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their target price for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $410.59.

Insider Activity at Charter Communications

In other Charter Communications news, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at $2,638,448.62. This represents a 3.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the purchase, the chief executive officer 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. Corporate 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.