Tesco Pension Investment Ltd grew its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 36.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 141,483 shares of the company’s stock after acquiring an additional 38,061 shares during the quarter. Tesco Pension Investment Ltd’s holdings in Charter Communications were worth $49,082,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHTR. Morgan Stanley raised its position in shares of Charter Communications by 1.1% during the 3rd quarter. Morgan Stanley now owns 955,767 shares of the company’s stock valued at $311,467,000 after buying an additional 9,976 shares in the last quarter. Alpha Windward LLC purchased a new stake in shares of Charter Communications during the 4th quarter valued at about $78,000. BB&T Corp raised its position in shares of Charter Communications by 7.0% during the 4th quarter. BB&T Corp now owns 3,833 shares of the company’s stock valued at $1,093,000 after buying an additional 250 shares in the last quarter. Strs Ohio raised its position in shares of Charter Communications by 0.8% during the 4th quarter. Strs Ohio now owns 86,692 shares of the company’s stock valued at $24,704,000 after buying an additional 722 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Charter Communications during the 4th quarter valued at about $12,469,000. 74.48% of the stock is owned by institutional investors.

Charter Communications stock traded down $10.28 during midday trading on Monday, reaching $376.14. The stock had a trading volume of 457,537 shares, compared to its average volume of 850,748. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications Inc has a 52-week low of $259.48 and a 52-week high of $387.41. The firm has a market capitalization of $86.33 billion, a P/E ratio of 72.06, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. Charter Communications’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. Research analysts anticipate that Charter Communications Inc will post 7.4 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Macquarie lowered shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 9th. They noted that the move was a valuation call. Royal Bank of Canada lowered shares of Charter Communications from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $400.00 to $375.00 in a research report on Friday, March 29th. ValuEngine raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, BidaskClub raised shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $365.88.

In other Charter Communications news, Director Craig A. Jacobson sold 1,325 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $375.18, for a total value of $497,113.50. Following the transaction, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard R. Dykhouse sold 2,019 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the transaction, the executive vice president now owns 9,880 shares in the company, valued at $3,446,440.40. The disclosure for this sale can be found here. Insiders sold a total of 4,344 shares of company stock worth $1,551,491 over the last 90 days. Insiders own 0.84% of the company’s stock.

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About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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