RWC Asset Management LLP lifted its stake in Charter Communications Inc (NASDAQ:CHTR) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,703 shares of the company’s stock after buying an additional 12,417 shares during the period. Charter Communications comprises 2.1% of RWC Asset Management LLP’s portfolio, making the stock its 12th biggest holding. RWC Asset Management LLP owned approximately 0.07% of Charter Communications worth $44,085,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in shares of Charter Communications in the fourth quarter valued at about $26,000. Massey Quick Simon & CO. LLC bought a new position in Charter Communications during the fourth quarter worth about $29,000. Whitener Capital Management Inc. bought a new position in Charter Communications during the fourth quarter worth about $29,000. Hanson McClain Inc. lifted its stake in Charter Communications by 157.8% during the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Cornerstone Advisors Inc. lifted its stake in Charter Communications by 55.7% during the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 74.31% of the company’s stock.
NASDAQ:CHTR opened at $360.14 on Wednesday. Charter Communications Inc has a 1 year low of $250.10 and a 1 year high of $363.25. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $80.53 billion, a PE ratio of 68.99, a PEG ratio of 1.28 and a beta of 1.40.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.15 billion. As a group, sell-side analysts anticipate that Charter Communications Inc will post 7.37 EPS for the current year.
CHTR has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Credit Suisse Group restated a “neutral” rating and set a $345.00 price target (up previously from $294.00) on shares of Charter Communications in a research note on Friday, February 1st. TD Securities initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a “buy” rating and a $385.00 price target for the company. Cowen raised their price target on shares of Charter Communications from $337.00 to $357.00 and gave the stock an “outperform” rating in a research note on Friday, December 7th. Finally, Nomura initiated coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Charter Communications has a consensus rating of “Buy” and an average price target of $359.22.
In other news, EVP Richard R. Dykhouse sold 11,000 shares of Charter Communications stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $340.72, for a total value of $3,747,920.00. Following the completion of the transaction, the executive vice president now owns 16,610 shares in the company, valued at $5,659,359.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Markley, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $350.09, for a total transaction of $350,090.00. The disclosure for this sale can be found here. Insiders sold 57,233 shares of company stock valued at $19,544,909 in the last quarter. 0.83% of the stock is currently owned by corporate insiders.
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Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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