Charter Communications, Inc. $CHTR Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC has reduced its position in Charter Communications by 22.6%, owning 30,801 shares worth approximately $11.35 million after selling 8,982 shares in the first quarter.
• In contrast, GAMMA Investing LLC made a substantial increase, raising its holdings in Charter Communications by 43,296.0%, acquiring a total of 857,938 shares valued at roughly $316.18 million.
• Charter Communications' stock has been rated with a consensus of "Hold" by analysts, with an average target price of $404.71, indicating divided sentiments among investment analysts.

Guggenheim Capital LLC lowered its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 22.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,801 shares of the company's stock after selling 8,982 shares during the period. Guggenheim Capital LLC's holdings in Charter Communications were worth $11,351,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CHTR. Integrated Wealth Concepts LLC acquired a new stake in Charter Communications during the 4th quarter worth $269,000. Makaira Partners LLC boosted its stake in Charter Communications by 4.0% during the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock worth $127,919,000 after purchasing an additional 14,510 shares during the period. Northern Trust Corp increased its stake in Charter Communications by 16.6% in the 4th quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after buying an additional 142,883 shares during the period. Utah Retirement Systems increased its stake in Charter Communications by 0.6% in the 4th quarter. Utah Retirement Systems now owns 15,606 shares of the company's stock valued at $5,349,000 after buying an additional 100 shares during the period. Finally, Comerica Bank increased its stake in Charter Communications by 1.3% in the 4th quarter. Comerica Bank now owns 15,147 shares of the company's stock valued at $5,192,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

CHTR has been the topic of several analyst reports. Arete Research raised shares of Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Barclays lowered their target price 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. Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company started coverage on Charter Communications in a report on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price for the company. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $404.71.

Charter Communications Price Performance

Shares of Charter Communications stock traded up $1.95 on Friday, hitting $265.58. The company's stock had a trading volume of 1,707,578 shares, compared to its average volume of 1,961,713. 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 firm has a fifty day moving average price of $331.68 and a 200-day moving average price of $359.17. The company has a market capitalization of $36.28 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02.

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 business 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 firm earned $8.49 earnings per share. Charter Communications's quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Activity

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