Swedbank AB Boosts Holdings in Charter Communications, Inc. $CHTR

Swedbank AB boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 46.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 55,191 shares of the company’s stock after purchasing an additional 17,540 shares during the period. Swedbank AB’s holdings in Charter Communications were worth $11,915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Charter Communications by 129.1% during the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after acquiring an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Charter Communications by 16.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after acquiring an additional 128 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after acquiring an additional 435 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock valued at $270,000 after purchasing an additional 600 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ CHTR traded down $3.62 during midday trading on Friday, hitting $130.73. 2,312,909 shares of the stock traded hands, compared to its average volume of 3,751,997. The firm has a market capitalization of $16.08 billion, a P/E ratio of 3.53, a PEG ratio of 0.24 and a beta of 0.71. Charter Communications, Inc. has a one year low of $124.05 and a one year high of $402.15. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50-day moving average of $140.64 and a two-hundred day moving average of $189.52.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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 the consensus estimate of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $8.42 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 42.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Balan Nair bought 1,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $175.46 per share, with a total value of $175,460.00. Following the completion of the transaction, the director owned 12,029 shares of the company’s stock, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mauricio Ramos purchased 9,929 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price 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 trade represents a 105.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Benchmark dropped their price objective on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. UBS Group reiterated a “neutral” rating and issued a $235.00 price objective on shares of Charter Communications in a report on Thursday, June 25th. JPMorgan Chase & Co. assumed 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, Barclays dropped their price target on shares of Charter Communications from $200.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $255.69.

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.