Charter Communications, Inc. $CHTR is Makaira Partners LLC's Largest Position

Key Points

• Makaira Partners LLC reduced its stake in Charter Communications by 46.4%, selling 173,029 shares and holding 200,162 shares post-sale.
• Charter Communications' latest earnings report showed EPS of $9.18, missing expectations of $10.06, despite a slight revenue increase of 0.6% year-over-year.
• Current analysts' ratings suggest a consensus rating of "Hold" with an average price target of $404.71, reflecting mixed views on the company's stock outlook.

Makaira Partners LLC decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 46.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,162 shares of the company's stock after selling 173,029 shares during the quarter. Charter Communications makes up 24.7% of Makaira Partners LLC's portfolio, making the stock its biggest holding. Makaira Partners LLC owned 0.14% of Charter Communications worth $73,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHTR. GAMMA Investing LLC increased its position in Charter Communications by 43,296.0% in the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after buying an additional 855,961 shares in the last quarter. JPMorgan Chase & Co. increased its position in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after buying an additional 806,145 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Charter Communications by 22.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock worth $405,118,000 after buying an additional 198,444 shares in the last quarter. Nuveen LLC purchased a new stake in Charter Communications in the first quarter worth about $71,956,000. Finally, Allianz Asset Management GmbH grew its position in shares of Charter Communications by 42.2% during the first quarter. Allianz Asset Management GmbH now owns 500,947 shares of the company's stock worth $184,614,000 after purchasing an additional 148,569 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the subject of several recent analyst reports. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a research note on Friday, May 16th. Royal Bank Of Canada cut their target price on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research note 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 target on the stock in a research note on Monday, July 28th. Bank of America increased their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $404.71.

Insider Buying and Selling

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

Charter Communications Trading Up 0.7%

CHTR stock traded up $1.95 during mid-day trading on Friday, reaching $265.58. 1,707,578 shares of the stock traded hands, compared to its average volume of 1,499,844. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications, Inc. has a one year low of $254.67 and a one year high of $437.06. The stock has a market capitalization of $36.28 billion, a PE ratio of 7.27, a PEG ratio of 0.60 and a beta of 1.02. The business has a 50-day moving average price of $334.10 and a two-hundred day moving average price of $359.76.

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 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 analysts' expectations of $13.76 billion. During the same period in the prior year, the firm posted $8.49 earnings per share. Charter Communications's revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post 38.16 EPS for the current 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.