Swedbank AB Lowers Position in Charter Communications, Inc. $CHTR

Swedbank AB lessened its position in Charter Communications, Inc. (NASDAQ:CHTR) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,651 shares of the company’s stock after selling 10,422 shares during the quarter. Swedbank AB’s holdings in Charter Communications were worth $7,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Charter Communications by 3.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 199,103 shares of the company’s stock valued at $41,668,000 after purchasing an additional 5,785 shares during the period. Benjamin Edwards Inc. bought a new position in Charter Communications during the 4th quarter valued at approximately $226,000. PFA Pension Forsikringsaktieselskab bought a new position in Charter Communications during the 4th quarter valued at approximately $3,499,000. Danske Bank A S increased its position in Charter Communications by 7.9% during the 4th quarter. Danske Bank A S now owns 48,772 shares of the company’s stock valued at $10,181,000 after buying an additional 3,567 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in Charter Communications by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 76,461 shares of the company’s stock valued at $15,961,000 after buying an additional 1,011 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 3.4%

Charter Communications stock opened at $154.86 on Friday. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of 4.18, a PEG ratio of 0.27 and a beta of 0.76. The stock has a fifty day simple moving average of $214.85 and a two-hundred day simple moving average of $213.88. Charter Communications, Inc. has a 12 month low of $154.70 and a 12 month high of $437.06. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56.

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

Insiders Place Their Bets

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 acquired at an average price of $173.72 per share, with a total value of $995,068.16. Following the acquisition, the director owned 6,925 shares in the company, valued at approximately $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Balan Nair bought 1,000 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $175.46 per share, with a total value of $175,460.00. Following the acquisition, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. This represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 10,196 shares of company stock valued at $1,767,822. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CHTR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research report on Friday, March 27th. Royal Bank Of Canada reduced their price objective on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Citigroup reduced their price objective on Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 27th. BNP Paribas Exane reduced their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $315.67.

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.