Quantinno Capital Management LP Grows Stake in Charter Communications, Inc. $CHTR

Quantinno Capital Management LP lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 54.3% in the 1st quarter, HoldingsChannel reports. The firm owned 45,828 shares of the company’s stock after buying an additional 16,118 shares during the quarter. Quantinno Capital Management LP’s holdings in Charter Communications were worth $9,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in Charter Communications during the first quarter valued at $25,000. Quarry LP raised its stake in shares of Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Charter Communications during the 4th quarter valued at $25,000. DV Equities LLC bought a new position in shares of Charter Communications during the 4th quarter worth $25,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Charter Communications by 141.0% during the 1st 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. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Barclays reduced their target price on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Royal Bank Of Canada lowered their price target on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Monday, July 27th. Freedom Capital upgraded shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $226.88.

Charter Communications Stock Up 6.2%

Shares of NASDAQ CHTR opened at $153.07 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. The company has a market cap of $18.26 billion, a P/E ratio of 3.97, a P/E/G ratio of 0.24 and a beta of 0.70. Charter Communications, Inc. has a 52 week low of $111.55 and a 52 week high of $285.82. The business has a 50-day simple moving average of $135.81 and a two-hundred day simple moving average of $180.70.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the firm posted $9.18 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts anticipate that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mauricio Ramos bought 9,929 shares of the stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the purchase, the director directly owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the transaction, the director directly owned 3,968 shares of the company’s stock, valued at approximately $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

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.