Swiss National Bank Sells 1,500 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• The Swiss National Bank reduced its holdings in Charter Communications by 0.6%, owning 260,716 shares valued at approximately $96 million following the sale of 1,500 shares in the first quarter.
• Charter Communications' stock price recently opened at $256.57, with a market cap of $35.05 billion and a P/E ratio of 7.03.
• The company reported a EPS of $9.18 for the last quarter, missing analysts' estimates, though revenues slightly exceeded expectations at $13.77 billion.

Swiss National Bank lessened its holdings in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,716 shares of the company's stock after selling 1,500 shares during the quarter. Swiss National Bank owned 0.19% of Charter Communications worth $96,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. ST Germain D J Co. Inc. increased its holdings in 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 buying an additional 77 shares during the period. SBI Securities Co. Ltd. increased its holdings in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares during the period. Larson Financial Group LLC increased its holdings in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after buying an additional 40 shares during the period. Costello Asset Management INC bought a new stake in Charter Communications in the 1st quarter valued at $37,000. Finally, NBC Securities Inc. bought a new stake in Charter Communications in the 1st quarter valued at $47,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

NASDAQ CHTR traded down $7.63 on Thursday, hitting $261.37. 918,209 shares of the company were exchanged, compared to its average volume of 1,481,063. The firm has a 50 day moving average of $360.66 and a two-hundred day moving average of $365.94. The company has a market cap of $35.70 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.59 and a beta of 1.02. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications, Inc. has a 1-year low of $254.67 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) 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 business had revenue of $13.77 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the company posted $8.49 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Analysts Set New Price Targets

CHTR has been the topic of several analyst reports. Arete Research raised shares of Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and boosted their target price for the company from $430.00 to $510.00 in a research note on Monday, May 19th. Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Citigroup boosted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $410.59.

Insider Transactions at Charter Communications

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