Capital International Inc. CA Sells 58,357 Shares of Charter Communications, Inc. $CHTR

Capital International Inc. CA reduced its position in Charter Communications, Inc. (NASDAQ:CHTR) by 96.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,360 shares of the company’s stock after selling 58,357 shares during the quarter. Capital International Inc. CA’s holdings in Charter Communications were worth $493,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Gateway Investment Advisers LLC acquired a new position in shares of Charter Communications during the 4th quarter valued at $5,911,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Charter Communications by 1,804.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock valued at $21,403,000 after acquiring an additional 97,143 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Charter Communications by 119.6% during the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after acquiring an additional 1,617,148 shares during the period. Norges Bank acquired a new position in shares of Charter Communications during the 4th quarter valued at $555,383,000. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Charter Communications by 110.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock valued at $6,521,000 after acquiring an additional 16,415 shares during the period. 81.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup dropped their target price 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. Sanford C. Bernstein reiterated a “market perform” rating and set a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Finally, BNP Paribas Exane lowered their price objective on shares of Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $290.38.

Charter Communications Stock Performance

Shares of CHTR stock opened at $132.20 on Tuesday. The firm has a 50-day moving average of $179.78 and a 200-day moving average of $200.85. The company has a market cap of $16.26 billion, a P/E ratio of 3.57, a P/E/G ratio of 0.23 and a beta of 0.72. 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 one year low of $126.70 and a one year high of $422.29.

Charter Communications (NASDAQ:CHTR) last announced its 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 firm 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%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.42 EPS. Equities research analysts forecast that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mauricio Ramos purchased 9,929 shares of Charter Communications stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the transaction, the director owned 19,309 shares in the company, valued at $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wade Davis purchased 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $173.72 per share, with a total value of $995,068.16. Following the transaction, 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 position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 20,125 shares of company stock valued at $3,167,116 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Charter Communications 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.