Credit Agricole S A Has $12.80 Million Stock Position in Charter Communications, Inc. $CHTR

Credit Agricole S A boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,727 shares of the company’s stock after acquiring an additional 2,066 shares during the period. Credit Agricole S A’s holdings in Charter Communications were worth $12,798,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Charter Communications by 4.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 12,948 shares of the company’s stock worth $4,771,000 after acquiring an additional 496 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Charter Communications by 3.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 55,036 shares of the company’s stock worth $20,282,000 after acquiring an additional 1,874 shares during the period. Hsbc Holdings PLC raised its position in Charter Communications by 0.8% in the first quarter. Hsbc Holdings PLC now owns 143,382 shares of the company’s stock worth $52,808,000 after acquiring an additional 1,075 shares during the period. Quantbot Technologies LP raised its position in Charter Communications by 19.8% in the first quarter. Quantbot Technologies LP now owns 20,388 shares of the company’s stock worth $7,514,000 after acquiring an additional 3,364 shares during the period. Finally, Wellington Management Group LLP raised its position in Charter Communications by 261.5% in the first quarter. Wellington Management Group LLP now owns 37,247 shares of the company’s stock worth $13,727,000 after acquiring an additional 26,944 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $266.62 on Thursday. The company has a 50 day moving average of $347.52 and a 200 day moving average of $362.89. The stock has a market cap of $36.42 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.60 and a beta of 1.02. Charter Communications, Inc. has a 12 month low of $254.67 and a 12 month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 25th. The company reported $9.18 EPS for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the firm earned $8.49 EPS. Charter Communications’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Balan Nair purchased 360 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $274.21 per share, with a total value of $98,715.60. Following the purchase, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher L. Winfrey purchased 3,670 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares in the company, valued at approximately $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHTR shares. Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price target on the stock in a research report on Friday, May 16th. Wells Fargo & Company boosted their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, April 28th. Citigroup boosted their price target on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $380.00 price target on the stock in a research report on Monday, July 28th. Finally, Loop Capital raised shares of Charter Communications from a “hold” rating to a “buy” rating and boosted their price target for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $410.59.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.