14B Captial Management LP Cuts Stake in Charter Communications, Inc. $CHTR

14B Captial Management LP lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 68.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,500 shares of the company’s stock after selling 51,500 shares during the period. Charter Communications accounts for about 3.9% of 14B Captial Management LP’s holdings, making the stock its 7th biggest holding. 14B Captial Management LP’s holdings in Charter Communications were worth $4,906,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. DV Equities LLC bought a new position in Charter Communications in the fourth quarter valued at approximately $25,000. EFG International AG bought a new stake in Charter Communications during the 4th quarter worth about $173,000. Jain Global LLC acquired a new position in shares of Charter Communications during the 4th quarter worth about $3,081,000. Laird Norton Wetherby Trust Company LLC bought a new position in shares of Charter Communications in the 4th quarter valued at about $567,000. Finally, Amundi increased its position in shares of Charter Communications by 41.3% in the fourth quarter. Amundi now owns 439,723 shares of the company’s stock valued at $91,792,000 after acquiring an additional 128,435 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Insiders Place Their Bets

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,468 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the purchase, the chief executive officer owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. The trade was a 4.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the purchase, the director directly owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This represents a 105.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,125 shares of company stock valued at $3,167,116 in the last three months. Insiders own 1.10% of the company’s stock.

Charter Communications Trading Down 6.9%

CHTR stock opened at $132.00 on Thursday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50-day simple moving average is $168.66 and its 200 day simple moving average is $197.92. Charter Communications, Inc. has a 52 week low of $126.70 and a 52 week high of $422.29. The company has a market capitalization of $16.23 billion, a PE ratio of 3.56, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports 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 lowered their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. BNP Paribas Exane dropped their price target on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft dropped 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, Citigroup dropped their price target on shares of Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Reduce” and an average target price of $290.38.

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.