104,144 Shares in Charter Communications, Inc. $CHTR Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) in the third quarter, HoldingsChannel reports. The institutional investor purchased 104,144 shares of the company’s stock, valued at approximately $28,651,000.

Several other institutional investors also recently modified their holdings of CHTR. Norges Bank acquired a new stake in Charter Communications in the 2nd quarter valued at about $1,145,387,000. Allianz Asset Management GmbH raised its stake in Charter Communications by 48.8% in the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock valued at $304,674,000 after buying an additional 244,324 shares during the period. Lind Value II ApS bought a new stake in Charter Communications in the third quarter valued at approximately $60,646,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Charter Communications by 15.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock valued at $644,210,000 after buying an additional 209,869 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Charter Communications by 3.2% during the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock worth $2,651,669,000 after acquiring an additional 198,979 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ CHTR opened at $191.52 on Friday. The firm has a 50-day moving average price of $202.00 and a two-hundred day moving average price of $245.12. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06. The company has a market capitalization of $24.78 billion, a P/E ratio of 5.31, a P/E/G ratio of 0.51 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). The business had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $8.82 earnings per share. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHTR has been the topic of a number of research analyst reports. Zacks Research cut Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. BNP Paribas Exane set a $160.00 price objective on shares of Charter Communications in a research report on Tuesday. Citigroup reduced their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a report on Monday, November 3rd. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday. Finally, Royal Bank Of Canada cut their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Reduce” and a consensus price target of $323.67.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.