Charter Communications, Inc. $CHTR Shares Purchased by AXQ Capital LP

AXQ Capital LP boosted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 119.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,381 shares of the company’s stock after purchasing an additional 4,561 shares during the period. AXQ Capital LP’s holdings in Charter Communications were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. BW Gestao de Investimentos Ltda. acquired a new stake in Charter Communications in the fourth quarter worth $3,131,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Charter Communications by 1,804.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock valued at $21,403,000 after purchasing an additional 97,143 shares during the period. Florida Financial Advisors LLC acquired a new position in shares of Charter Communications during the fourth quarter valued at $268,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Charter Communications by 3.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 38,337 shares of the company’s stock valued at $8,003,000 after purchasing an additional 1,376 shares during the period. Finally, MUFG Securities EMEA plc increased its holdings in shares of Charter Communications by 102.9% during the fourth quarter. MUFG Securities EMEA plc now owns 3,608 shares of the company’s stock valued at $753,000 after purchasing an additional 1,830 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CHTR shares. JPMorgan Chase & Co. started coverage on Charter Communications in a report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 price target on the stock. TD Cowen raised their price target on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Finally, Benchmark lowered their target price on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Reduce” and a consensus target price of $290.38.

Charter Communications Trading Down 1.0%

NASDAQ:CHTR opened at $142.60 on Tuesday. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications, Inc. has a fifty-two week low of $136.63 and a fifty-two week high of $422.29. The stock’s 50-day moving average is $188.22 and its two-hundred day moving average is $203.39. The stock has a market cap of $17.54 billion, a PE ratio of 3.85, a price-to-earnings-growth ratio of 0.25 and a beta of 0.72.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same period last year, the firm earned $8.42 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Insider Buying and Selling at Charter Communications

In other news, Director Balan Nair purchased 1,000 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the acquisition, the director directly owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mauricio Ramos purchased 9,929 shares of Charter Communications stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares in the company, valued at $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 20,125 shares of company stock worth $3,167,116 over the last quarter. Insiders own 1.10% of the company’s stock.

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.