PFA Pension Forsikringsaktieselskab Invests $3.50 Million in Charter Communications, Inc. $CHTR

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position in Charter Communications in Q4, buying 16,694 shares valued at about $3.50 million.
• Insider buying: Director Wade Davis acquired 5,728 shares and CEO Christopher Winfrey acquired 3,468 shares on April 28, and insiders bought 10,196 shares worth roughly $1.77 million over the last 90 days.
• Charter reported quarterly EPS of $9.17 (missing the $10.01 consensus) on $13.60 billion in revenue, trades at a P/E of 4.47 with a $20.34 billion market cap, and holds a consensus analyst rating of Hold with an average price target of $315.67.

PFA Pension Forsikringsaktieselskab purchased a new position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,694 shares of the company's stock, valued at approximately $3,499,000.

Other large investors also recently modified their holdings of the company. Danske Bank A S grew its holdings in Charter Communications by 7.9% during the fourth quarter. Danske Bank A S now owns 48,772 shares of the company's stock valued at $10,181,000 after purchasing an additional 3,567 shares during the period. New York State Teachers Retirement System grew its holdings in Charter Communications by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 76,461 shares of the company's stock valued at $15,961,000 after purchasing an additional 1,011 shares during the period. Keybank National Association OH grew its holdings in Charter Communications by 7.9% during the fourth quarter. Keybank National Association OH now owns 1,406 shares of the company's stock valued at $294,000 after purchasing an additional 103 shares during the period. SOL Capital Management CO grew its holdings in Charter Communications by 148.9% during the fourth quarter. SOL Capital Management CO now owns 3,485 shares of the company's stock valued at $727,000 after purchasing an additional 2,085 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Charter Communications by 37.2% in the fourth quarter. M&T Bank Corp now owns 3,967 shares of the company's stock worth $829,000 after acquiring an additional 1,075 shares during the period. Institutional investors own 81.76% of the company's stock.

Insider Buying and Selling at Charter Communications

In related news, Director Wade Davis acquired 5,728 shares of the firm's stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the transaction, the director directly owned 6,925 shares in the company, valued at approximately $1,203,011. This trade represents a 478.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the firm's stock in a transaction on Tuesday, April 28th. The shares were bought at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the transaction, the chief executive officer owned 74,409 shares of the company's stock, valued at approximately $12,815,462.07. This trade represents a 4.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 10,196 shares of company stock worth $1,767,822 over the last ninety days. Company insiders own 1.10% of the company's stock.

Charter Communications Price Performance

NASDAQ:CHTR opened at $165.34 on Tuesday. Charter Communications, Inc. has a 12 month low of $158.00 and a 12 month high of $437.06. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The business's 50-day moving average is $219.14 and its 200 day moving average is $215.98. The company has a market capitalization of $20.34 billion, a P/E ratio of 4.47, a P/E/G ratio of 0.30 and a beta of 0.76.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion for the quarter, compared to analysts' expectations of $13.56 billion. During the same quarter last year, the company earned $8.42 earnings per share. The company's revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group set a $425.00 price objective on Charter Communications in a research note on Thursday, January 29th. JPMorgan Chase & Co. assumed coverage on Charter Communications in a research note on Wednesday, April 29th. They issued a "neutral" rating and a $215.00 price objective for the company. Sanford C. Bernstein dropped their price objective on Charter Communications from $220.00 to $210.00 and set a "market perform" rating for the company in a research note on Monday, April 27th. New Street Research dropped their price objective on Charter Communications from $479.00 to $328.00 and set a "buy" rating for the company in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group dropped their price objective on Charter Communications from $210.00 to $185.00 and set a "sell" rating for the company in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $315.67.

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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