AustralianSuper Pty Ltd Makes New $28.65 Million Investment in Charter Communications, Inc. $CHTR

AustralianSuper Pty Ltd purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 104,144 shares of the company’s stock, valued at approximately $28,651,000. AustralianSuper Pty Ltd owned 0.08% of Charter Communications as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHTR. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Charter Communications by 9.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,720 shares of the company’s stock worth $13,128,000 after buying an additional 3,999 shares during the last quarter. Hussman Strategic Advisors Inc. raised its position in shares of Charter Communications by 28.6% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 18,900 shares of the company’s stock valued at $5,199,000 after acquiring an additional 4,200 shares during the period. Estate Counselors LLC bought a new position in Charter Communications during the 3rd quarter worth approximately $3,850,000. LBP AM SA acquired a new position in Charter Communications during the third quarter valued at approximately $550,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Charter Communications by 17.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 381 shares of the company’s stock valued at $107,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.83% of the company’s stock.

Charter Communications Price Performance

NASDAQ CHTR opened at $191.52 on Friday. The firm’s 50 day moving average is $202.00 and its 200-day moving average is $245.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. The company has a market capitalization of $24.78 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 0.51 and a beta of 1.06. Charter Communications, Inc. has a 12-month low of $180.38 and a 12-month high of $437.06.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. BNP Paribas Exane set a $160.00 price target on Charter Communications in a report on Tuesday. UBS Group set a $425.00 price objective on Charter Communications in a report on Thursday. Wells Fargo & Company reissued an “underweight” rating and set a $180.00 target price (down from $240.00) on shares of Charter Communications in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada dropped their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $323.67.

About Charter Communications

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.