First American Trust FSB Sells 4,615 Shares of Charter Communications, Inc. $CHTR

First American Trust FSB lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 17.9% during the fourth quarter, HoldingsChannel reports. The fund owned 21,157 shares of the company’s stock after selling 4,615 shares during the quarter. First American Trust FSB’s holdings in Charter Communications were worth $4,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Manchester Capital Management LLC increased its position in Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after acquiring an additional 176 shares during the period. Caitlin John LLC bought a new position in Charter Communications during the third quarter worth $41,000. Rakuten Securities Inc. increased its position in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after acquiring an additional 107 shares during the period. Finally, Global Retirement Partners LLC increased its position in Charter Communications by 29.3% during the fourth quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock worth $75,000 after acquiring an additional 81 shares during the period. Institutional investors own 81.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas Rutledge sold 18,200 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total value of $2,674,308.00. Following the sale, the director owned 3,968 shares in the company, valued at approximately $583,057.92. The trade was a 82.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher L. Winfrey bought 3,468 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the purchase, the chief executive officer directly owned 74,409 shares in the company, valued at $12,815,462.07. This represents a 4.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 20,125 shares of company stock worth $3,167,116 in the last three months. Company insiders own 1.10% of the company’s stock.

Charter Communications Stock Up 1.8%

CHTR opened at $137.79 on Thursday. Charter Communications, Inc. has a fifty-two week low of $126.70 and a fifty-two week high of $422.29. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The firm’s fifty day moving average price is $176.45 and its two-hundred day moving average price is $200.03. The company has a market capitalization of $16.95 billion, a P/E ratio of 3.72, a P/E/G ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the prior year, the firm posted $8.42 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts anticipate that Charter Communications, Inc. will post 43 EPS for the current year.

Analyst Ratings Changes

CHTR has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. BNP Paribas Exane dropped their target price on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. Benchmark decreased their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $290.38.

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.