Federation des caisses Desjardins du Quebec Purchases 5,159 Shares of Charter Communications, Inc. $CHTR

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Charter Communications by 190.4%, acquiring an additional 5,159 shares worth approximately $2.9 million.
• Insider transactions show that both the CEO and a board director bought shares recently, with the CEO increasing his ownership by 5.51% after purchasing 3,670 shares.
• Analyst ratings are mixed, with eight analysts rating the stock as a Buy and others assigning Hold or Sell ratings, leading to a consensus price target of $394.61.

Federation des caisses Desjardins du Quebec lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 190.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,869 shares of the company's stock after purchasing an additional 5,159 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Charter Communications were worth $2,901,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Makaira Partners LLC raised its holdings in Charter Communications by 4.0% in the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after acquiring an additional 14,510 shares in the last quarter. Private Trust Co. NA raised 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Charter Communications by 21.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock worth $1,435,000 after purchasing an additional 676 shares during the period. Vontobel Holding Ltd. grew its stake in Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock worth $608,000 after buying an additional 332 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Charter Communications by 20.3% in 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 during the period. 81.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CHTR shares. UBS Group reduced their price target on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a research note on Friday, May 16th. Wells Fargo & Company began coverage on Charter Communications in a research report on Thursday, August 21st. They set an "equal weight" rating and a $300.00 price objective for the company. Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and increased their target price for the stock from $430.00 to $510.00 in a report on Monday, May 19th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $392.94.

Charter Communications Trading Down 0.3%

NASDAQ CHTR traded down $0.88 during trading hours on Wednesday, reaching $262.47. The company's stock had a trading volume of 1,055,186 shares, compared to its average volume of 1,516,940. The firm has a fifty day simple moving average of $312.13 and a 200-day simple moving average of $354.42. The stock has a market cap of $35.85 billion, a P/E ratio of 7.18, a P/E/G ratio of 0.59 and a beta of 1.02. Charter Communications, Inc. has a 52 week low of $251.80 and a 52 week high of $437.06. 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 issued 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). The business had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $8.49 EPS. Equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.