BI Asset Management Fondsmaeglerselskab A S Boosts Stock Position in Charter Communications, Inc. $CHTR

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 30.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,497 shares of the company’s stock after purchasing an additional 12,249 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Charter Communications were worth $11,333,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CHTR. Quarry LP raised its stake in shares of Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Charter Communications in the 4th quarter valued at about $25,000. DV Equities LLC acquired a new position in shares of Charter Communications during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. grew its position in shares of Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Wade Davis acquired 5,728 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average price of $173.72 per share, with a total value of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares in the company, valued at approximately $1,203,011. This represents a 478.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas Rutledge sold 18,200 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the transaction, the director owned 3,968 shares in the company, valued at $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 20,125 shares of company stock worth $3,167,116 in the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHTR. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $210.00 target price on shares of Charter Communications in a report on Tuesday, May 26th. BNP Paribas Exane dropped their price objective 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. Royal Bank Of Canada reduced their price objective on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Freedom Capital raised shares of Charter Communications to a “hold” rating in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. started coverage on shares of Charter Communications in a research note on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price for the company. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $290.38.

Charter Communications Stock Performance

Shares of CHTR opened at $126.23 on Monday. The company’s 50 day simple moving average is $164.80 and its 200-day simple moving average is $196.91. The firm has a market cap of $15.53 billion, a PE ratio of 3.41, a price-to-earnings-growth ratio of 0.22 and a beta of 0.72. Charter Communications, Inc. has a 12-month low of $126.00 and a 12-month high of $422.29. 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 quarterly earnings data 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 analyst estimates of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.42 earnings per share. As a group, equities analysts predict that Charter Communications, Inc. will post 43 EPS for the current year.

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.