Nykredit A S Buys Shares of 166,019 Charter Communications, Inc. $CHTR

Key Points

• Nykredit A/S purchased 166,019 Charter Communications shares in the second quarter, valued at approximately $23.6 million and representing 0.14% of the company. Institutional investors collectively own 81.76% of Charter’s stock.
• Charter beat quarterly earnings expectations, reporting $10.66 in EPS versus the $9.98 consensus and $13.53 billion in revenue. However, revenue declined 1.7% year over year.
• Analyst sentiment remains cautious: Charter has a consensus “Reduce” rating, with five Buy, ten Hold, and six Sell ratings. The average price target is $216.56, while the stock recently traded at $128.17 after falling substantially from its 12-month high of $285.82.

Nykredit A S purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 166,019 shares of the company's stock, valued at approximately $23,610,000. Nykredit A S owned 0.14% of Charter Communications as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in Charter Communications during the 1st quarter worth approximately $25,000. Manchester Capital Management LLC increased its position in shares of Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company's stock worth $39,000 after acquiring an additional 176 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Charter Communications during the second quarter worth $28,000. Raiffeisen Bank International AG increased its position in shares of Charter Communications by 259.7% during the second quarter. Raiffeisen Bank International AG now owns 223 shares of the company's stock worth $33,000 after acquiring an additional 161 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Charter Communications by 29.3% in the fourth quarter. Global Retirement Partners LLC now owns 357 shares of the company's stock valued at $75,000 after acquiring an additional 81 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Charter Communications stock opened at $128.17 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The company has a fifty day simple moving average of $143.83 and a 200-day simple moving average of $165.29. The stock has a market cap of $15.29 billion, a P/E ratio of 3.33, a price-to-earnings-growth ratio of 0.27 and a beta of 0.69. Charter Communications, Inc. has a 12-month low of $111.55 and a 12-month high of $285.82.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, beating analysts' consensus estimates of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analysts' expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications's quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $9.18 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CHTR shares. Royal Bank Of Canada decreased their target price on Charter Communications from $160.00 to $150.00 and set a "sector perform" rating for the company in a report on Monday, July 27th. TD Cowen cut their price target on Charter Communications from $413.00 to $380.00 and set a "buy" rating on the stock in a report on Monday, July 27th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $150.00 price target on shares of Charter Communications in a research report on Monday, July 27th. UBS Group decreased their price objective on Charter Communications from $235.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Finally, Citigroup lowered their price objective on Charter Communications from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $216.56.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company's consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.

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