Allianz Asset Management GmbH Sells 149,615 Shares of Charter Communications, Inc. $CHTR

Allianz Asset Management GmbH reduced its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 17.8% during the 4th quarter, Holdings Channel reports. The firm owned 692,675 shares of the company’s stock after selling 149,615 shares during the period. Allianz Asset Management GmbH’s holdings in Charter Communications were worth $144,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock worth $52,000 after acquiring an additional 107 shares in the last quarter. Caitlin John LLC bought a new position in Charter Communications during the third quarter worth about $41,000. Manchester Capital Management LLC lifted its holdings in 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 acquiring an additional 176 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Charter Communications during the second quarter worth about $116,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

CHTR opened at $135.37 on Wednesday. The business’s 50-day moving average price is $178.11 and its two-hundred day moving average price is $200.44. Charter Communications, Inc. has a 1 year low of $126.70 and a 1 year high of $422.29. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 3.66, a P/E/G ratio of 0.23 and a beta of 0.71. 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 released its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (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 firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period in the prior year, the business earned $8.42 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts expect that Charter Communications, Inc. will post 43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on CHTR shares. Citigroup reduced their target price on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 27th. BNP Paribas Exane reduced their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Benchmark reduced 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. Finally, Royal Bank Of Canada reduced their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $290.38.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the sale, the director owned 3,968 shares of the company’s stock, valued at $583,057.92. This trade represents a 82.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wade Davis purchased 5,728 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the purchase, the director directly owned 6,925 shares in the company, valued at approximately $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 three months, insiders have acquired 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by company insiders.

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.