Charter Communications, Inc. $CHTR Position Reduced by TD Asset Management Inc

TD Asset Management Inc trimmed its position in Charter Communications, Inc. (NASDAQ:CHTR) by 48.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,367 shares of the company’s stock after selling 37,078 shares during the quarter. TD Asset Management Inc’s holdings in Charter Communications were worth $8,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CHTR. Geneos Wealth Management Inc. raised its stake in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Caitlin John LLC bought a new position in Charter Communications during the third quarter valued at about $41,000. Rakuten Securities Inc. grew its holdings 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. Global Retirement Partners LLC raised its position in Charter Communications by 29.3% in 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 in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Charter Communications by 100.7% in the third quarter. Brown Brothers Harriman & Co. now owns 291 shares of the company’s stock worth $80,000 after acquiring an additional 146 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Charter Communications news, Director Wade Davis bought 5,728 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the purchase, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. The trade was a 478.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mauricio Ramos bought 9,929 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the transaction, the director directly owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is currently owned by company insiders.

Charter Communications Trading Up 2.4%

Charter Communications stock opened at $135.37 on Wednesday. Charter Communications, Inc. has a 12 month low of $126.70 and a 12 month high of $422.29. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a market cap of $16.65 billion, a P/E ratio of 3.66, a P/E/G ratio of 0.23 and a beta of 0.71. The company’s fifty day simple moving average is $178.11 and its 200-day simple moving average is $200.44.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) 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 firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period in the previous year, the business posted $8.42 EPS. Charter Communications’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHTR shares. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup cut their target price on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Benchmark reduced their target price on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. 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 report on Monday, April 27th. Finally, Royal Bank Of Canada dropped their price target on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $290.38.

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.