J. Safra Sarasin Holding AG Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• J. Safra Sarasin Holding AG invested approximately $1.03 million in Charter Communications by acquiring 2,800 shares in the first quarter.
• Several institutional investors, including American Century Companies and Wellington Management Group, have raised or established their positions in Charter Communications, indicating increased interest in the company.
• Analysts have mixed sentiments on Charter Communications, with three maintaining a sell rating while others upgraded their ratings, resulting in an average rating of "Hold" with a target price of $410.59.

J. Safra Sarasin Holding AG bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,800 shares of the company's stock, valued at approximately $1,032,000.

Several other hedge funds also recently modified their holdings of the company. Banco Santander S.A. boosted its holdings in shares of Charter Communications by 11.9% in the first quarter. Banco Santander S.A. now owns 792 shares of the company's stock worth $292,000 after buying an additional 84 shares during the period. LSV Asset Management lifted its stake in shares of Charter Communications by 3.1% during the 1st quarter. LSV Asset Management now owns 182,795 shares of the company's stock worth $67,365,000 after buying an additional 5,490 shares during the last quarter. Blueshift Asset Management LLC lifted its position in Charter Communications by 72.1% during the first quarter. Blueshift Asset Management LLC now owns 6,093 shares of the company's stock worth $2,245,000 after purchasing an additional 2,553 shares during the period. TradeLink Capital LLC acquired a new stake in Charter Communications during the 1st quarter worth approximately $221,000. Finally, Natixis Advisors LLC boosted its position in shares of Charter Communications by 44.0% during the 1st quarter. Natixis Advisors LLC now owns 49,701 shares of the company's stock worth $18,316,000 after purchasing an additional 15,198 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CHTR shares. Bank of America increased their target price on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Loop Capital raised 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 research report on Monday, May 19th. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Citigroup increased their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications has an average rating of "Hold" and an average target price of $410.59.

Insider Activity

In other news, Director Balan Nair bought 360 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christopher L. Winfrey bought 3,670 shares of Charter Communications stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company's stock, 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. Company insiders own 0.83% of the company's stock.

Charter Communications Stock Down 1.3%

Shares of CHTR traded down $3.31 during midday trading on Thursday, hitting $258.73. The company had a trading volume of 1,637,045 shares, compared to its average volume of 1,471,118. The company's 50 day moving average price is $373.80 and its 200 day moving average price is $369.23. The stock has a market cap of $35.34 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.59 and a beta of 1.02. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 52 week low of $257.06 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted 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 return on equity of 26.77% and a net margin of 9.53%. The firm had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter in the previous year, the business posted $8.49 earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.