Charter Communications, Inc. $CHTR Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Charter Communications by 17.5%, selling 2,600 shares to end the first quarter with 12,229 shares valued at approximately $4.51 million.
• Several other institutional investors increased their positions in Charter Communications, indicating strong interest in the stock amidst a backdrop of fluctuating shareholdings.
• Analysts have raised their price targets for Charter Communications, with a consensus target price now at $410.59, reflecting varied ratings including "buy" and "hold" from multiple firms.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,229 shares of the company's stock after selling 2,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Charter Communications were worth $4,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in Charter Communications by 10.5% during the first quarter. Allworth Financial LP now owns 283 shares of the company's stock worth $104,000 after purchasing an additional 27 shares during the period. Hemington Wealth Management raised its stake in Charter Communications by 24.3% during the first quarter. Hemington Wealth Management now owns 143 shares of the company's stock worth $52,000 after purchasing an additional 28 shares during the period. Brown Advisory Inc. raised its stake in Charter Communications by 1.1% during the first quarter. Brown Advisory Inc. now owns 2,704 shares of the company's stock worth $997,000 after purchasing an additional 29 shares during the period. Kathmere Capital Management LLC raised its stake in shares of Charter Communications by 3.8% in the 1st quarter. Kathmere Capital Management LLC now owns 876 shares of the company's stock valued at $323,000 after acquiring an additional 32 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of Charter Communications by 4.9% in the 1st quarter. Blair William & Co. IL now owns 818 shares of the company's stock valued at $301,000 after acquiring an additional 38 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,670 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Balan Nair purchased 360 shares of the firm's 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 completion of the acquisition, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents 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 Stock Up 3.9%

CHTR stock traded up $10.4350 during mid-day trading on Friday, hitting $278.4150. 864,308 shares of the company were exchanged, compared to its average volume of 1,487,404. The company has a market capitalization of $38.03 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a twelve month low of $254.67 and a twelve month high of $437.06. The firm has a fifty day simple moving average of $344.94 and a 200 day simple moving average of $362.38.

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 for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.Charter Communications's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $8.49 earnings per share. On average, research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of research reports. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and raised their target price for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 target price on the stock in a research note on Monday, July 28th. Finally, Arete Research raised shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $404.71.

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.