Amundi Raises Stock Holdings in Charter Communications, Inc. $CHTR

Amundi boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 20.3% during the 2nd quarter, Holdings Channel reports. The firm owned 338,005 shares of the company’s stock after acquiring an additional 57,138 shares during the period. Amundi’s holdings in Charter Communications were worth $139,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in CHTR. SouthState Corp purchased a new position in shares of Charter Communications in the 1st quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new stake in Charter Communications in the second quarter worth about $25,000. Salem Investment Counselors Inc. boosted its stake in Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Charter Communications during the 2nd quarter valued at approximately $28,000. Finally, Heritage Wealth Advisors purchased a new stake in shares of Charter Communications during the 2nd quarter worth approximately $29,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

Charter Communications Trading Up 2.6%

Shares of Charter Communications stock opened at $205.10 on Monday. The company’s 50-day moving average price is $232.18 and its 200-day moving average price is $296.81. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications, Inc. has a 12-month low of $193.00 and a 12-month high of $437.06. The company has a market cap of $26.54 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.65 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the prior year, the firm posted $8.82 EPS. Charter Communications’s revenue was down .7% on a year-over-year basis. On average, equities analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHTR shares. BNP Paribas Exane dropped their price objective on Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada dropped their price target on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Tuesday, September 2nd. They set a “sell” rating and a $223.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Oppenheimer lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $329.56.

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.