Swiss Life Asset Management Ltd Has $6.52 Million Stock Holdings in Charter Communications, Inc. $CHTR

Swiss Life Asset Management Ltd grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 110.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,239 shares of the company’s stock after acquiring an additional 16,415 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Charter Communications were worth $6,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in shares of Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP boosted its holdings in Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares in the last quarter. Finally, CI Investments Inc. increased its stake in Charter Communications by 10.6% in the 3rd quarter. CI Investments Inc. now owns 573 shares of the company’s stock valued at $158,000 after buying an additional 55 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CHTR shares. New Street Research reduced their price objective on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. assumed coverage on Charter Communications in a report on Wednesday, April 29th. They set a “neutral” rating and a $215.00 target price on the stock. TD Cowen increased their price target on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. The Goldman Sachs Group lowered their price target on Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average price target of $315.67.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $143.06 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The business’s 50 day moving average price is $208.29 and its two-hundred day moving average price is $211.06. The company has a market cap of $17.59 billion, a PE ratio of 3.86, a price-to-earnings-growth ratio of 0.25 and a beta of 0.76. Charter Communications, Inc. has a twelve month low of $141.76 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $8.42 earnings per share. On average, analysts predict that Charter Communications, Inc. will post 43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Balan Nair bought 1,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the purchase, the director owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher L. Winfrey bought 3,468 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average cost of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer directly owned 74,409 shares in the company, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 10,196 shares of company stock valued at $1,767,822 over the last ninety days. 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.