LSV Asset Management Has $67.37 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• LSV Asset Management increased its stake in Charter Communications by 3.1%, acquiring an additional 5,490 shares during the first quarter, bringing its total ownership to 182,795 shares valued at approximately $67.37 million.
• Several other institutional investors also significantly boosted their holdings in Charter Communications, with ST Germain D J Co. Inc. raising its stake by 1,283.3%, demonstrating strong institutional interest in the stock.
• Charter Communications reported earnings per share of $9.18 for the last quarter, missing estimates, while its revenue increased by 0.6% year-over-year to $13.77 billion.

LSV Asset Management raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 182,795 shares of the company's stock after purchasing an additional 5,490 shares during the quarter. LSV Asset Management owned 0.13% of Charter Communications worth $67,365,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Charter Communications by 10.5% during the 1st 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. Brown Advisory Inc. increased its holdings in shares of Charter Communications by 1.1% during the 1st 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. Quadrant Capital Group LLC increased its holdings in shares of Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after purchasing an additional 30 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Charter Communications by 3.8% during the 1st quarter. Kathmere Capital Management LLC now owns 876 shares of the company's stock worth $323,000 after purchasing an additional 32 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Charter Communications by 70.2% during the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after purchasing an additional 40 shares during the period. Institutional investors own 81.76% of the company's stock.

Insider Activity at Charter Communications

In other Charter Communications news, Director Balan Nair acquired 360 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were acquired 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 directly owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. This represents a 3.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the business'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 completion of the acquisition, the chief executive officer directly owned 70,243 shares of the company's stock, valued at $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CHTR. Royal Bank Of Canada dropped their price objective on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a report on Monday, July 28th. Sanford C. Bernstein upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price objective on the stock in a report on Monday, July 28th. 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. Wells Fargo & Company upped their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Finally, BNP Paribas reissued an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and a consensus price target of $410.59.

Charter Communications Price Performance

Shares of CHTR traded down $3.14 during mid-day trading on Wednesday, hitting $262.84. 518,586 shares of the company traded hands, compared to its average volume of 1,456,869. Charter Communications, Inc. has a one year low of $260.76 and a one year high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The business has a 50-day moving average of $376.70 and a 200 day moving average of $369.97. The stock has a market capitalization of $35.90 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.59 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results 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 net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same period last year, the company earned $8.49 earnings per share. Charter Communications's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.