Charter Communications, Inc. $CHTR Shares Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 34.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,469 shares of the company’s stock after purchasing an additional 3,928 shares during the quarter. Aviance Capital Partners LLC’s holdings in Charter Communications were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CHTR. Capital Research Global Investors grew its position in Charter Communications by 304.9% during the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after purchasing an additional 3,626,135 shares during the last quarter. Dodge & Cox raised its holdings in shares of Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after buying an additional 2,801,671 shares during the last quarter. Norges Bank purchased a new position in shares of Charter Communications in the fourth quarter worth $555,383,000. Voyager Global Management LP lifted its stake in shares of Charter Communications by 1,380.0% during the fourth quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock worth $386,188,000 after buying an additional 1,725,000 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in shares of Charter Communications by 119.6% during the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 1.5%

Shares of Charter Communications stock opened at $131.37 on Friday. The stock has a market cap of $16.16 billion, a PE ratio of 3.55, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. The firm has a fifty day moving average price of $137.85 and a 200 day moving average price of $186.87. Charter Communications, Inc. has a 1 year low of $124.05 and a 1 year high of $402.15. 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 (NASDAQ:CHTR) last posted 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). The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $8.42 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 41.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on CHTR. Benchmark cut their target price on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered their price target on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. UBS Group reissued a “neutral” rating and issued a $235.00 price objective on shares of Charter Communications in a report on Thursday, June 25th. BNP Paribas Exane reduced their price objective on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. Finally, Bank of America decreased their target price on Charter Communications from $250.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $253.81.

Insiders Place Their Bets

In related news, CEO Christopher L. Winfrey bought 3,468 shares of the stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the purchase, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at $12,815,462.07. This represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wade Davis bought 5,728 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the acquisition, the director owned 6,925 shares of the company’s stock, valued at $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by company insiders.

Charter Communications Company Profile

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.