XTX Topco Ltd Takes $4.35 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

Key Points

• XTX Topco Ltd has acquired a new stake of 11,800 shares in Charter Communications, valued at approximately $4.35 million.
• Shares of Charter Communications saw a 3.7% decline and are currently trading around $298.27, with a high of $437.06 over the past year.
• Analysts have mixed ratings on Charter Communications, with the stock holding a consensus rating of "Hold" and an average price target of $412.32.

XTX Topco Ltd bought a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,800 shares of the company's stock, valued at approximately $4,349,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after purchasing an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 valued at $433,167,000 after acquiring an additional 1,126,783 shares during the period. Northern Trust Corp raised its stake in shares of Charter Communications by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock valued at $343,135,000 after acquiring an additional 142,883 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 21.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company's stock valued at $308,795,000 after acquiring an additional 161,547 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Charter Communications by 43,296.0% in the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock valued at $316,176,000 after acquiring an additional 855,961 shares during the period. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Down 1.7%

NASDAQ CHTR traded down $4.67 during trading on Friday, reaching $264.69. 2,563,449 shares of the company's stock traded hands, compared to its average volume of 2,226,657. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.36. The firm has a market cap of $36.15 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company's 50 day simple moving average is $382.50 and its two-hundred day simple moving average is $370.99. Charter Communications, Inc. has a 12-month low of $263.56 and a 12-month high of $437.06.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CHTR shares. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 target price on the stock in a research note on Monday, July 28th. Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Oppenheimer raised 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. Bank of America increased their target price on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, UBS Group reduced their target price on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $410.59.

Insider Buying and Selling

In other Charter Communications news, 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, with a total value of $1,002,277.00. Following the transaction, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company's stock.

Charter Communications 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.