Quantbot Technologies LP Grows Stake in Charter Communications, Inc. $CHTR

Key Points

• Quantbot Technologies LP increased its stake in Charter Communications by 19.8%, acquiring an additional 3,364 shares to hold a total of 20,388 shares valued at $7,514,000.
• Charter Communications reported a quarterly EPS of $9.18, missing analyst expectations of $10.06, while revenue reached $13.77 billion, slightly exceeding forecasts.
• Institutional investors now own 81.76% of Charter Communications' stock, indicating strong institutional confidence in the company.

Quantbot Technologies LP grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 19.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,388 shares of the company's stock after purchasing an additional 3,364 shares during the period. Quantbot Technologies LP's holdings in Charter Communications were worth $7,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Charter Communications by 1.5% during the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company's stock valued at $3,018,909,000 after purchasing an additional 120,303 shares in the last quarter. JPMorgan Chase & Co. grew its position in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after acquiring an additional 806,145 shares in the last quarter. Invesco Ltd. grew its position in Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock worth $676,181,000 after acquiring an additional 120,624 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after acquiring an additional 1,126,783 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Charter Communications by 22.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company's stock worth $405,118,000 after acquiring an additional 198,444 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 3.6%

NASDAQ CHTR traded up $9.60 during trading on Friday, hitting $277.58. The stock had a trading volume of 1,820,427 shares, compared to its average volume of 1,493,772. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $37.91 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.60 and a beta of 1.02. Charter Communications, Inc. has a one year low of $254.67 and a one year high of $437.06. The stock has a 50 day simple moving average of $344.94 and a 200 day simple moving average of $362.38.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced 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). The firm had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $8.49 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Balan Nair acquired 360 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares of the company's stock, valued at $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Sanford C. Bernstein upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price target for the company in a research report on Monday, July 28th. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and lifted their price target for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Wells Fargo & Company assumed coverage on Charter Communications in a research report on Thursday. They issued an "equal weight" rating and a $300.00 price target for the company. Royal Bank Of Canada dropped their price target on Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research report on Monday, July 28th. Finally, Raymond James Financial upgraded Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications has an average rating of "Hold" and an average target price of $404.71.

About Charter Communications

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.