Charter Communications, Inc. $CHTR Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in Charter Communications, Inc. (NASDAQ:CHTR) by 404.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,474 shares of the company’s stock after purchasing an additional 4,388 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Charter Communications were worth $1,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors raised 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 buying an additional 3,626,135 shares during the last quarter. Dodge & Cox raised its holdings in shares of Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after purchasing an additional 2,801,671 shares during the last quarter. Norges Bank acquired a new position in Charter Communications during the fourth quarter valued at $555,383,000. Voyager Global Management LP lifted its position in 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 valued at $386,188,000 after purchasing an additional 1,725,000 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Charter Communications by 119.6% in 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 purchasing an additional 1,617,148 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Insider Activity at Charter Communications

In other Charter Communications news, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. This represents a 105.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas Rutledge sold 18,200 shares of the business’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 acquired a total of 20,125 shares of company stock worth $3,167,116 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Charter Communications Price Performance

NASDAQ:CHTR opened at $133.64 on Friday. Charter Communications, Inc. has a 12 month low of $124.05 and a 12 month high of $422.29. The stock has a 50 day moving average of $155.75 and a two-hundred day moving average of $194.48. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The firm has a market cap of $16.44 billion, a P/E ratio of 3.61, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 24th. The company reported $9.17 earnings per share 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 analysts’ expectations of $13.56 billion. During the same quarter last year, the business earned $8.42 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. On average, analysts expect that Charter Communications, Inc. will post 43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHTR shares. Freedom Capital raised Charter Communications to a “hold” rating in a report on Friday, June 12th. Benchmark dropped their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. Sanford C. Bernstein reissued a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a report on Tuesday, May 26th. 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, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $278.50.

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.