Nykredit A S Makes New $3.77 Million Investment in Charter Communications, Inc. $CHTR

Key Points

• Nykredit A/S purchased 26,482 shares of Charter Communications in the second quarter, valued at approximately $3.77 million. Institutional investors and hedge funds collectively own 81.76% of the company.
• Charter reported quarterly earnings of $10.66 per share, exceeding analyst expectations of $9.98, while revenue of $13.53 billion slightly surpassed estimates but declined 1.7% year over year.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $226.88; recent firms have both downgraded price targets and maintained Buy ratings.

Nykredit A S bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,482 shares of the company's stock, valued at approximately $3,766,000.

Other hedge funds have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in Charter Communications in the 1st quarter valued at approximately $25,000. Quarry LP boosted its position in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company's stock worth $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd bought a new stake in Charter Communications during the 4th quarter worth approximately $25,000. DV Equities LLC acquired a new position in Charter Communications in the 4th quarter valued at approximately $25,000. Finally, Trust Co. of Vermont acquired a new position in Charter Communications in the 2nd quarter valued at approximately $28,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $151.99 on Monday. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $285.82. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The firm's fifty day moving average is $143.34 and its 200-day moving average is $171.30. The firm has a market cap of $18.13 billion, a P/E ratio of 3.95, a P/E/G ratio of 0.32 and a beta of 0.69.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHTR. Barclays dropped their price target on shares of Charter Communications from $130.00 to $115.00 and set an "underweight" rating for the company in a research note on Monday, July 27th. Citigroup decreased their price objective on Charter Communications from $190.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. New Street Research lowered their target price on Charter Communications from $328.00 to $302.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Charter Communications in a report on Wednesday, June 24th. Finally, Wells Fargo & Company reduced their price target on Charter Communications from $160.00 to $101.00 and set an "underweight" rating on the stock in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $226.88.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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