Capital International Sarl Sells 8,353 Shares of Charter Communications, Inc. $CHTR

Capital International Sarl trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 62.7% in the 4th quarter, Holdings Channel reports. The fund owned 4,979 shares of the company’s stock after selling 8,353 shares during the quarter. Capital International Sarl’s holdings in Charter Communications were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Advisory Services Network LLC boosted its position in shares of Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after acquiring an additional 38 shares during the period. Orion Porfolio Solutions LLC lifted its position in Charter Communications by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the period. Occudo Quantitative Strategies LP lifted its position in Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the period. Integrated Wealth Concepts LLC lifted its position in Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares during the period. Finally, CI Investments Inc. lifted its position in Charter Communications by 10.6% in the third quarter. CI Investments Inc. now owns 573 shares of the company’s stock worth $158,000 after purchasing an additional 55 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $132.12 on Monday. The business’s fifty day moving average price is $181.51 and its two-hundred day moving average price is $201.33. Charter Communications, Inc. has a fifty-two week low of $126.70 and a fifty-two week high of $422.29. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 3.57, a price-to-earnings-growth ratio of 0.23 and a beta of 0.72. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter last year, the company earned $8.42 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. As a group, analysts predict that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Charter Communications in a research report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. New Street Research decreased their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada decreased their target price on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, Charter Communications has an average rating of “Reduce” and an average price target of $290.38.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Wade Davis bought 5,728 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares of the company’s stock, valued at approximately $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher L. Winfrey bought 3,468 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the acquisition, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. The trade was a 4.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by insiders.

Charter Communications Company Profile

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.