Mediolanum International Funds Ltd Buys Shares of 15,763 Charter Communications, Inc. $CHTR

Mediolanum International Funds Ltd acquired a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 15,763 shares of the company’s stock, valued at approximately $3,483,000.

A number of other large investors have also bought and sold shares of the stock. Quarry LP increased its holdings in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Altshuler Shaham Ltd bought a new position in Charter Communications during the fourth quarter valued at approximately $25,000. DV Equities LLC bought a new position in shares of Charter Communications in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted 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 valued at $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in Charter Communications by 1,600.0% during the 4th 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. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charter Communications

In other news, CEO Christopher L. Winfrey bought 3,468 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the transaction, the chief executive officer directly owned 74,409 shares in the company, valued at approximately $12,815,462.07. This represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $173.72 per share, with a total value of $995,068.16. Following the completion of the transaction, the director directly owned 6,925 shares in the company, valued at $1,203,011. The trade was a 478.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,125 shares of company stock worth $3,167,116 in the last quarter. 1.10% of the stock is owned by insiders.

Charter Communications Trading Down 1.7%

Shares of NASDAQ CHTR opened at $129.16 on Tuesday. The stock has a market capitalization of $15.89 billion, a P/E ratio of 3.49, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. 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 business has a fifty day moving average price of $137.47 and a 200 day moving average price of $186.15. Charter Communications, Inc. has a 1-year low of $124.05 and a 1-year high of $402.15.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same period in the prior year, the firm posted $8.42 earnings per share. Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts expect that Charter Communications, Inc. will post 41.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHTR has been the subject of several research reports. BNP Paribas Exane dropped their price objective on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group reduced their target price on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research note on Thursday, July 2nd. Bank of America dropped their price target on shares of Charter Communications from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a report on Tuesday, May 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $249.12.

Charter Communications 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.