Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Reduced by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in Charter Communications, Inc. by 31.0%, owning 13,963 shares worth approximately $5.15 million after selling 6,286 shares in Q1.
• Several institutional investors have increased their holdings in Charter Communications, most notably Korea Investment CORP, which raised its stake by 139.6%.
• Charter Communications recently reported $9.18 EPS, falling short of expectations, while its revenue rose by 0.6% year-over-year.

Pacer Advisors Inc. lowered its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 31.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,963 shares of the company's stock after selling 6,286 shares during the period. Pacer Advisors Inc.'s holdings in Charter Communications were worth $5,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. increased its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after buying an additional 41 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after buying an additional 29 shares in the last quarter. Larson Financial Group LLC lifted its position 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 valued at $36,000 after acquiring an additional 40 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHTR shares. Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and raised their price objective for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Morgan Stanley lifted their price target on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Royal Bank Of Canada lowered 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 research note on Monday. Finally, UBS Group cut their price objective on Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a research report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $410.59.

Charter Communications Trading Down 1.5%

Shares of CHTR stock traded down $4.17 on Friday, reaching $265.19. 1,465,170 shares of the stock were exchanged, compared to its average volume of 1,433,818. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The stock has a market cap of $37.22 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08. The firm has a 50 day moving average of $385.33 and a two-hundred day moving average of $371.56. Charter Communications, Inc. has a 1-year low of $263.61 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data 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). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The business had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. During the same quarter in the prior year, the firm earned $8.49 earnings per share. Charter Communications's quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

Insider Buying and Selling

In other news, CEO Christopher L. Winfrey purchased 3,670 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.83% of the company's stock.

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.