Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Position in Charter Communications, Inc. $CHTR

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 72.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 20,449 shares of the company’s stock after acquiring an additional 8,560 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Charter Communications were worth $4,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Charter Communications by 16.3% during the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Charter Communications by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after buying an additional 435 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Charter Communications by 451.1% in the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CHTR. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research note on Wednesday, June 24th. Bank of America reduced their price target on shares of Charter Communications from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft dropped their price objective 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. 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 on the stock. Finally, Benchmark decreased their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $260.06.

Insider Transactions at Charter Communications

In other Charter Communications news, Director Wade Davis acquired 5,728 shares of the stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average cost of $173.72 per share, with a total value of $995,068.16. Following the transaction, the director owned 6,925 shares in the company, valued at $1,203,011. The trade was a 478.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher L. Winfrey bought 3,468 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average cost of $172.23 per share, for a total transaction of $597,293.64. Following the transaction, the chief executive officer directly owned 74,409 shares in the company, valued at approximately $12,815,462.07. This represents a 4.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,125 shares of company stock valued at $3,167,116 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Charter Communications Stock Down 1.3%

Shares of Charter Communications stock opened at $135.44 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. Charter Communications, Inc. has a 52-week low of $124.05 and a 52-week high of $422.29. The company has a market capitalization of $16.66 billion, a P/E ratio of 3.66, a P/E/G ratio of 0.24 and a beta of 0.71. The company has a 50 day moving average of $145.77 and a 200 day moving average of $191.99.

Charter Communications (NASDAQ:CHTR) last announced 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). 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 period in the prior year, the company posted $8.42 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, research analysts forecast that Charter Communications, Inc. will post 42.28 EPS for the current fiscal year.

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.