LSV Asset Management Has $67.37 Million Stock 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 lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,795 shares of the company's stock after acquiring an additional 5,490 shares during the period. LSV Asset Management owned 0.13% of Charter Communications worth $67,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. ST Germain D J Co. Inc. raised its stake in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after acquiring an additional 41 shares during the last quarter. Larson Financial Group LLC grew its stake in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after acquiring an additional 40 shares during the last quarter. NBC Securities Inc. acquired a new stake in Charter Communications in the 1st quarter valued at about $47,000. Finally, Private Trust Co. NA grew its stake in Charter Communications by 69.5% in the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after acquiring an additional 66 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Charter Communications

In related news, Director Balan Nair bought 360 shares of the company's stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, with a total value of $98,715.60. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher L. Winfrey bought 3,670 shares of the company's stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the transaction, 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.

Analysts Set New Price Targets

CHTR has been the topic of a number of research reports. Arete Research raised shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. 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. Morgan Stanley upped their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Barclays reduced 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $410.59.

Charter Communications Stock Down 1.4%

Shares of CHTR traded down $3.69 during trading on Thursday, reaching $258.35. The company's stock had a trading volume of 273,265 shares, compared to its average volume of 1,461,633. 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 company has a market cap of $35.29 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.59 and a beta of 1.02. Charter Communications, Inc. has a twelve month low of $259.18 and a twelve month high of $437.06. The company has a fifty day moving average of $373.80 and a two-hundred day moving average of $369.23.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The firm had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $8.49 earnings per share. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

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.