Charter Communications, Inc. $CHTR Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its stake in Charter Communications by 1.6%, owning approximately 1.28 million shares valued at $472.94 million as of the end of the first quarter.
• Charter Communications' most recent earnings report showed an EPS of $9.18, which missed consensus estimates of $10.06, while the company reported revenues of $13.77 billion.
• Institutional investors currently hold 81.76% of Charter Communications' stock, highlighting strong backing from the investment community.

Price T Rowe Associates Inc. MD increased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,283,315 shares of the company's stock after acquiring an additional 19,594 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.91% of Charter Communications worth $472,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Makaira Partners LLC boosted its stake in shares of Charter Communications by 4.0% in the 4th quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after purchasing an additional 14,510 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Charter Communications by 69.5% in the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock valued at $59,000 after purchasing an additional 66 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Charter Communications by 21.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,893 shares of the company's stock worth $1,435,000 after acquiring an additional 676 shares in the last quarter. Vontobel Holding Ltd. increased its position in Charter Communications by 25.2% during the 1st quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company's stock valued at $608,000 after buying an additional 332 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Charter Communications by 20.3% in the first quarter. Envestnet Asset Management Inc. now owns 33,471 shares of the company's stock worth $12,335,000 after buying an additional 5,642 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHTR shares. Royal Bank Of Canada dropped their price target on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating on the stock in a report 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 stock a "buy" rating in a research note on Tuesday, July 1st. Wells Fargo & Company initiated coverage on shares of Charter Communications in a research report on Thursday, August 21st. They set an "equal weight" rating and a $300.00 target price for the company. Barclays reduced their price target on shares of Charter Communications from $341.00 to $275.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. Finally, Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $404.71.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $4.98 during trading on Thursday, reaching $264.18. 504,531 shares of the company traded hands, compared to its average volume of 1,491,373. Charter Communications, Inc. has a 12-month low of $254.67 and a 12-month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The firm's fifty day simple moving average is $336.38 and its 200 day simple moving average is $360.32. The stock has a market cap of $36.08 billion, a P/E ratio of 7.23, a PEG ratio of 0.60 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion during the quarter, compared to analysts' expectations of $13.76 billion. During the same period in the prior year, the business posted $8.49 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Insider Activity at Charter Communications

In other news, CEO Christopher L. Winfrey acquired 3,670 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company's stock, valued at $19,183,363.30. The trade was a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Balan Nair bought 360 shares of Charter Communications stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The disclosure for this purchase can be found here. 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.